![]() ![]() The biggest losers include Nazim Salur, the chief of Istanbul-based Getir, whose net worth has fallen a staggering $4.29 billion between a March 2022 peak of $5 billion and his current $775 million, according to the Bloomberg Billionaires Index. /rebates/&.com252fstock-information252fdefault. “The fact that high annual exceptional growth rates have been an exceptional phenomenon and cannot be maintained at the same level over years should have been clear from common sense alone,” Matthias Schu, a lecturer at the Lucerne School of Business, told Bloomberg. The spigot of cash from investors that helped those companies explode has dried up, sinking their valuations, as the businesses burn money to maintain market share, experts said. GAAP net loss including redeemable non-controlling interests was 172 million compared to 263. Revenue increased 33 Y/Y to 2.1 billion and Net Revenue Margin increased to 13.0 from 12.3 in Q2 2022. Total Orders increased 25 Y/Y to 532 million and Marketplace GOV increased 26 Y/Y to 16.5 billion. The executives behind DoorDash, Getir, Instacart and Just Eat Takeaway have seen their fortunes plummet by a combined $15 billion, Bloomberg reported. Second Quarter 2023 Key Financial Metrics. Several founders of online food delivery services who became billionaires have fallen from that rarefied status as demand for the pandemic-darling companies softens, according to a report. Uber, DoorDash and Grubhub must pay New York workers $18 per hour ‘Steak and jelly, please,’ Americans tell Uber Eats - and other odd and popular customer requests of 2023ĭear Abby: My husband’s parents are getting back together but he’s less than thrilled at the reunion Food delivery workers face reduced hours and tips after NYC’s minimum wage hike: report ![]()
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