Why No One Should Invest in Food Delivery Stocks in 2021
The COVID-19 pandemic made food delivery incredibly popular. An estimated 111 million Americans used food delivery apps last year, compared to just 66 million five years ago. DoorDash (NYSE: DASH), Uber Technologies' (NYSE: UBER) Uber Eats, and JustEatTakeaway (NASDAQ: GRUB) are currently the three largest food delivery companies in the country, with a combined market share of 85%.
Despite amazing user growth, food delivery stocks are terrible investments. Their business models are simply not suitable for this continent. Let's look at why they are not the consumer goods stocks you want to buy.
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Source Fool.com
