Leading online food delivery groups in Europe and the US have racked up more than $20bn in combined operating losses since they went public, after a fierce battle for market share.
Shares in Deliveroo, Just Eat Takeaway, Delivery Hero and DoorDash — the four largest standalone, publicly listed food-delivery businesses in the US and Europe — are all trading well below their pandemic-era peaks, as investors scrutinise their business models.
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