Doordash and Pizza Arbitrage - Margins by Ranjan Roy and Can Duruk

https://themargins.substack.com

There is such a thing as a free lunch

If capitalism is driven by a search for profit, the food delivery business confuses the hell out of me. Every platform loses money. Restaurants feel like they're getting screwed. Delivery drivers are poster children for gig economy problems. Customers get annoyed about delivery fees.

Isn't business supposed to solve problems?

Last week's Uber-Grubhub news set off some antitrust alarms for me and got me thinking about the business of food delivery as a whole. But let me start this newsletter with a story about Pizza Arbitrage...


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