it's not surprising Uber Eats and menulog just outclassed deliveroo in distribution and marketing and deals

[Rewards] UK's Deliveroo Exits Australia, Good for UBER & DASH?

@Tiger_AU
UK based food delivery app Deliveroo $DELIVEROO HOLDINGS PLC(ROO.UK)$ $Deliveroo PLC(DROOF)$ says it is quitting Australia due to competition from Uber Eats$Uber(UBER)$ &Menulog. Recommend to Read: Deliveroo to Pay Drivers Compensation As It Collapses, Pulls Out of Australia Source: https://www.smh.com.au/ According to the news, Deliveroo Australia’s 150 employees and 14,000 drivers have been suddenly left without work after the company announced it had entered voluntary administration and was no longer taking orders. The London Stock Exchange-listed company$DELIVEROO HOLDINGS PLC(ROO.UK)$(dropped 7.05% on Nov 16) ,entered the Australian market in 2015, but failed to retain market share against its competitors. The $3.1 billion company said in a media statement it had decided it would not be able to achieve the “sustainable and profitable scale in Australia without considerable financial investment”, and the returns would not outweigh the investment. Below are some influence discussions about the news: Source: BineyBryson from Twitter Source: Madsen Paunga from Twitter Source: Speaker Network News on Twitter Source: Jen Dudley-Nicholson on Twitter What other observations would you like to share? Is $Deliveroo PLC(DROOF)$ DELIVEROO HOLDINGS PLC(ROO.UK)$ 's exit good for $Uber(UBER)$ or $DoorDash, Inc.(DASH)$? How their market share performed? Data from TradingView Questions For You: 1. Was Deliveroo popular in your area? Will you miss @Deliveroo_AU?How were you experiment at Deliveroo? 2. For Other food delivery rivals like Uber Eats $Uber(UBER)$ , Menulog, $DoorDash, Inc.(DASH)$ , etc, which do you prefer to use? Why? 3. Regarding food delivery stocks investment, Any other food delivery stocks you would like to recommend and Why? Source: https://www.reuters.com/ 🎁Prizes 1. All Tigers who comment on this post will receive 10 Tiger Coins. 2. 10 Tigers will receive 100 coins for the most popular and high-quality comments. 3. In addition, you get a chance to win a Tiger Gift🐯🐯🐯🐯( Merchandise is only for AU citizens ). ⏰Activity Duration 17 November, 2022-25 November, 2022 AEST Tag your friends, join the discussion, and win coins together!💰💰💰
[Rewards] UK's Deliveroo Exits Australia, Good for UBER & DASH?

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