U.S. food-delivery rivals risk capital destruction
An UberEATS food delivery courier stands in front of his bike in London, Britain September 7, 2016.
Source: REUTERS/Neil Hall
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Using the internet to turn people’s laziness and hunger into a business sounds like a sure win for Silicon Valley. Uber, Grubhub, DoorDash and others are feasting on meal-delivery cravings. But sector valuations may overstate the market opportunity, at least in the United States.
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