September 3, 2020
MAY 17, 2020
Social distancing presents a unique opportunity for meal-delivery companies. It also highlights the precarious tightrope these businesses are attempting to walk. Shutting in the public has led to higher revenues for delivery companies like DoorDash and Uber Eats. But high marketing costs and razor-thin margins make it as difficult as ever to turn a profit.
Many have long believed that consolidation was the ultimate end game for meal delivery, with the power of scale perhaps the only force strong enough to overcome the industry’s many headwinds. Others have argued that such consolidation could be a worrisome development for restaurants and consumers.
For better or worse, Uber might be ready to get the merger party started.
Dealmaking talk is heating up in the meal delivery space, and that’s one of 10 things you need to know from the past week: