Are Food Delivery Services Actually Losing Money?

Food delivery services like Grubhub should be thriving, especially during the pandemic. But they’re not, The Markup reports: In August 2019, analysts from the investment firm Cowen estimated that Uber Eats was losing $3.36 on every order and would continue to lose money on every order for the next five years. Uber CEO Dara Khosrowshahi acknowledged that Uber Eats is not…