Deliveroo shares drop 30% on stock market debut

Speaking as someone who uses Deliveroo seven days a week, I still don't really understand the economics of it, especially from the riders' point of view. Maybe everyone else tips more generously than I do.

But on OP's point, I very rarely get a cyclist, maybe one in 50 times, it is normally a scooter or car.

Deliveroo are fubked once they have to start paying minimum wage etc to "self employed" riders. Uber drivers winning their case has basically ended that type of employee.

I'm sure they are happy to screw over their "employees" and also the end user (the customer) - but I thought their business model was based on screwing over the food provider.

I don't know but get the impression a fair few Uber/Deliveroo employees are moonlighting for whoever sends a job first.

Let's hope they go a lot lower, cheating riders who they say are not employees, the government should hang their heads in shame, and the courier company's

are even worse riders using own bike insurance and petrol.

unbelievaBLE THAT a company passing on pizza boxes can be valued at 7 billion, dont make anything and only there  because lazy koonts cant get their arris of the settee
lost half a billion when public,s confined to barricks,
premises = overheads= chef= deliveroo= profits around on a £7 pizza unbelievable jeff,unbelievable jeff

Ramruna - you have identified a possible gap in the market there imo - people that want to go somewhere and also want to eat a pizza on their journey.

Dragons Den for you imo.

I fear for your Health - Ramruma ...

Having such 'food' delivered to you -"seven days a week" 

Unless, of course - you are housebound - then commiserations ...

- otherwise - Get walking ...

Unless, of course - You live on some remote Scottish island... and there is nowhere to shop.

Then again - I doubt Deliveroo would be obliging you, anyway, in that case.

cameron told friends 18 months ago he,d make 70 million through greenSLAVE ,now bankrupt,not to worry he was only uk PM  with finger on nuclear button

@onlooker -- voluntarily housebound like a lot of virus-dodgers.

And that's another concern -- surely demand will drop once Boris gives us the all clear.

Seems to be the recurring theme with the World Wide Web - copy a product/service that already exists (but pretend that your offering is new or different) - provide it more cheaply by screwing over your employees (or pretending they aren't your employees), float it on the stock exchange at 30+ times the true value - jobs a good un!

lost half a billion whilst people are imprisoned, andwe,re led to believe that 50 million people are gagging to get out of the house ,eat out,walk to chippie/takeaway etc and supposedly sharp uptick in unemployment and recession coming, courts clamping down on gigg economy
what can possibly go wrong,

Likewise - Ramruma ...

However - Throughout the Lockdowns - We have all been allowed to shop at the Supermarket.

I have been going at 9:00pm on a Saturday night

Wonderful - Only me in there - along with the Shelf-Stackers.

Ramruma, you get takeaways everyday of the week?

Never used Deliveroo - have used uber and Just-Eat.  Bit hit and miss sometimes the food is sh1te

Not just takeaways these day.  Supermarkets, anywhere really.

Dont do take -aways overpriced CR@P .

Loadsa dosh made selling opening day, how can the "Footsie" guardians allow these serial scamsters to float this white elephant! Boris claims it's "greed and capitalism", reckon he's right!

facebook,google,amazon and the chancellor of the uk calls deliveroo a world beating uk tech success, delivering foooking pizza,s for pennies on a bike, FFS

Are you saying they're not a success 1st time poster? They seem to be doing ok to me despite the share price drop.

dont think their the next google which cummings wanted to throw billions at as a uk tech winner story

Don’t think they’ve ever made a profit but then Ocado was much the same

Business model seems a bit limited on low margins

George Osborne created 1,000,000 new jobs.

Six of them were for him, six were for "Call me Dave" and the other 999,988 were pizza/parcel delivery drivers

What I want to know is wether I sue the rider or Deliveroo when I get hit by somebody from behind with no lights on a dark Night peddling as fast as they can whilst Im walking on the pavement.

would've been nice short sell ffs

"If you aren't willing to own a stock for ten years, don't even think about owning it for ten minutes."

Warren Buffet

Obviously many thought the price wrong

Besides he made his money in some stocks long before he went heavy in blue chip neither which deliveroo would apply to.

But then I imagine you’ve read his book and already know that

* dime stocks

Tax evaded
Workers rights eroded
Small businesses exploited

enjoy your grub

When did you get released Richie

Sheep will be nervous tonight Richie Bach

I can make a curry for less than the delivery charge.

Lidl microwavable rice  - 35p
Half a deck of mushrooms - 50p
Half an onion - 10p
Powdered curry sauce - 10p

And more quickly!

Mushroom and onion curry..sounds lush

Probably 15p for the sauce, I don't think you can get 10 servings out of it now I think about it.

Mar 31, 2021 -- 10:38PM, chavman wrote:

Mushroom and onion curry..sounds lush

You're jealous because big businesses can't exploit me.

I bet everyone looks forward to curry night in your house Richie.

Never had a curry from Uber. I tend to get McD's, Starbucks, Greggs etc. i.e well known names. If you use local takeaway the quality can vary some have been awful and I would not recommend! Rip off!

The business model is surely just a modern day equivalent of the old protection racket - local family business (doing ok for many years via their own website, telephone orders and walk-ins/collections).

Signs up (at an initially reasonable rate), all the business migrates to being steered in via the parasite service, until the business is dependent on the parasite service - then the parasite service significantly ups it prices.

Al Capone would be proud of them imo

Forgot to add - obviously the price to the end user (the consumer) has to go up so that the parasite service can be paid their ever increasing cut, plus you now have some poor zero hours, minimum wage, self-employed contractor on your doorstep expecting a tip. Welcome to the gig economy.

Management: It has been a lifeline for local chippy's etc (yuck) during the lockdown(s). A lot are on the apps ive noticed though not for me they're quite popular...

You are probably right - short term lifeline - long term death knell.

Short term uplift - but long term - your business will be held to ransom.