Tech: Food Delivery Deep Dive
Industry Focus
The Motley Fool
4.6 • 854 Ratings
🗓️ 17 April 2020
⏱️ 27 minutes
🧾️ Download transcript
Summary
Lyft announced it will begin its Essential Deliveries program, helping government agencies, healthcare organizations, and non-profits with on-demand delivery of meals, groceries, and medical items. It's a hint at delivery ambitions for a company that has long focused on solely ride-hailing. We talk about that, plus news that Uber Eats, Grubhub, Postmates, and DoorDash have been named in a class action lawsuit over their platforms fees and claimed abuse of market power.
Stocks: UBER, LYFT, GRUB
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| 0:00.0 | Welcome to Industry Focus. The podcast that dives into a different sector of the stock market each day. |
| 0:11.5 | I'm your host Emily Flippin. I'm Jason Moser. I'm Nick Saiple. I'm Dylan Lewis. And today we're talking financials. Today we're talking consumer goods. |
| 0:20.0 | Wild Cars! Wednesday. And we're talking energy. And today we're talking tech. Let's dive in. |
| 0:25.0 | It's Friday April 17th and we're talking about the food delivery space. |
| 0:32.0 | I'm your host Don Lewis and I'm joined by |
| 0:33.6 | fool.com's Evan New. Evan what's going on man? Not much stuck at home just like you just like everyone. |
| 0:40.5 | But you have some kids at home though. |
| 0:43.0 | Yeah, so they have started remote learning now and we're lucky that our kids are at least old enough to where they can kind of be self-sufficient, you know, like my youngest is seven, so he's in first grade. |
| 0:53.6 | So he's, you know, he's actually doing pretty good for, you know, being able to stay focused on |
| 0:58.2 | the stuff, but like in comparison, my brother has like a newborn and a three-year-old so much harder to |
| 1:07.0 | get work done from home when you have those you know that age group kind of |
| 1:10.4 | running around toddlers just kind of always |
| 1:13.0 | always needing something. |
| 1:14.4 | Yeah, I was talking to a friend last night, actually, |
| 1:17.0 | and they have two kids that are like seven and 10. |
| 1:19.4 | And I said, I think that the current situation we're in, the amount that you're enjoying it is largely |
| 1:24.2 | dictated by whether or not you have kids. |
| 1:27.8 | And it's something that has made a lot easier if you don't. |
| 1:30.6 | It's a tough time for everyone, but I imagine it's very difficult for parents that are trying to balance work and school. |
| 1:36.0 | One little kind of upside of all of this, Evan, is that you finally got to see Austin Morgan. |
| 1:41.0 | We're doing this over a Zoom call, and so often when we're in the studio, |
| 1:45.0 | the camera is only on me. You had no idea what Austin looked like. |
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