hen early investors were pitched on Uber’s original plan for a car-service app in 2008, it wasn’t until the second-to-last slide that they heard delivery could be another moneymaker for the business. Ten years later, delivery is no longer an afterthought. According to projections from its CEO, Dara Khosrowshahi, Uber Eats is on track to deliver some $10 billion worth of food worldwide this year, up from an estimated $6 billion-plus last year.
Dara Khosrowshahi, Uber’s CEO, has left much of Eats to Jason Droege : “Honestly, I’m there to do the corporate grunt work,” he says.But despite the growth, Uber Eats is losing lots of money, and even Khosrowshahi doesn’t know when it will be profitable. Potential Uber investors will have to decide: Is food delivery a smart bet on future growth or a fool’s errand in a crowded market?
Its largest competitor, publicly traded Grubhub, has proved you can make a profit in this business. That success has made it a formidable rival, and it’s not the only one: Just in the U.S., Uber competes against Square subsidiary Caviar, well-capitalized startups DoorDash and Postmates, and the potential giant in the wings, Amazon.
But just as Uber Eats was getting traction, Uber’s executive team fell apart in the wake of reports of sexual harassment, gender discrimination and questionable business ethics. Ultimately, Kalanick was ousted, and other groups, like self-driving cars, lost their department heads. But Droege and his team of nearly 2,000 remained mostly unscathed. He admits it was a “tough year,” but he told his team to keep their heads down and execute.
UberEats their Employees! No benefits! No justice!
Hey that's Goldmine Jeffery in the ad
If you like your salsa with pubic hairs in it.
Then I think they can spare a few more discount codes then huh
Wow, they reinvented pizza delivery!
Its ruining everything i cant stand it. Its ruining my favorite spots in san francisco & it causes way more traffic. Lazy ppl are in heaven tho. Ive been interrupted in the middle of placing an order so they could tend to an uber eats driver & the dumbass screwed my order up 2x
Wait.....there are others?
Sorry but I wouldn’t trust a stranger to deliver my food. I’ve heard and seen too many horror stories involving Uber.
Nope it’s garbage for drivers👎
And yet their restaurant choices are materially less than Caviar in my area.
UBER EATS = NO TIPS.... mtfuckers....
They don’t pay their drivers shit though and most people don’t tip. Not worth it for the drivers. Average 20 minutes per order, gas and mileage for Uber to pay you $3. No thanks...I’ll just deliver the people
I order my delivery the old fashioned way and only my food provider and I know what I ate for dinner. Privacy is as delicious as my dinner.
Great, food delivered (by self-driving cars yet?) to people too lazy to learn how to cook. What's next, a service that EATS the food for you, and then drops it in your mouth like you're a baby bird?
Maybe they can put pressure on restaurants to start using eco-friendly containers 🤷♂️ Styrofoam guilt every time I order delivery
And still in (huge) loss..
Because they pay their employees the least and encourage people not to tip. DO NOT USE UberEats Order from a company that actually pays their fcking employees
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Source: Reuters - 🏆 2. / 97 Read more »