Eli5: why are there soo many Uber/ubereats like apps?

This post has been de-listed

It is no longer included in search results and normal feeds (front page, hot posts, subreddit posts, etc). It remains visible only via the author's post history.

Post Flair (click to view more posts with a particular flair)

Technology

Post Body

How do these firms even compete with each other?

I understand that different taxi apps in an attempt to attract drivers simply pay more than others apps but how do they even secure the funding to launch an app like that in the first place? Same thing for food delivery apps

Imagine you were an investor, and someone told you, “I’m going to compete directly with Uber Eats, our competitive advantage is that we pay out delivery guys more”. Why would anyone fund that? That’s not a strong competitive advantage.

Author

Account Strength

70%

Account Age

3 years

Verified Email

Yes

Verified Flair

Total Karma

903

Link Karma

119

Comment Karma

784

Profile updated: 4 days ago

Suspicious_Tea5551

Subreddit

r/explainlikeimfive

Post Details

We try to extract some basic information from the post title. This is not always successful or accurate, please use your best judgement and compare these values to the post title and body for confirmation.

Posted: 7 months ago
Reddit URL: View post on reddit.com
External URL: reddit.com/r/explainlike...