>"The entire industry evolved to take advantage of two environmental factors: surplus labor + cheap capital floating. With those (lack of) constraints, the incentive is to grow as big as fast as possible because your competitive advantage in each market is how much labor and how many restaurants you can hoover up; and nationally (or globally) if you can bleed your competitors dry. In a normal, capital-constrained environment, these companies would look very different."

“Uber Eats is Uber's "most profitable division” 😂😂.” Reminds me of Nathan For You. Truly, the final mile problem of our era.

this is insane