Uber Eats grew its revenue 30% in 2022. DoorDash grew its delivery revenue 35%. That's compared to insane growth from 2020 to 2021. Both Uber Eats and DoorDash had those revenues either doubled or more than doubled. "I love the throaty macho feel of an internal combustion engine"
This week on Prof G Markets, Scott explains how Virgin Galactic’s unique supply and demand constraints make it a terrible business. He also breaks down why Amazon and Better.com are partnering to allow Amazon employees to pledge their stock as collateral for home loans — with a catch. Finally, Scott takes a look at the enduring grocery delivery market and shares his thoughts on why Instacart might hold the key to unlocking the IPO market.