Uber 以 26.5 億美金併購 Postmates,此交易為全股票 (All-stock),意思是 Postmates 可以換得 Uber 的股票,依照現在 Uber 的市值 532 億,Postmates 可以換得約 5% 的持股。
送餐服務進入整併的階段,目前還看不出一個穩定的領先者,根據五月的報告,目前各大送餐服務的排名以及市佔率如下:
1. DoorDash 45%
2. Grubhub 23%
3. Uber Eats 22%
4. Postmates 8%
5. 其他 2%
併購以後,Uber Eats + Postmates 合計 30%,來到了第二名,但是送餐服務最大的問題是,即便你市佔率很高,消費者也不會只用你的訂餐 App,品牌忠誠度不夠高。以 DoorDash 為例,在 2020 年第一季仍有 51% 的使用者曾經用過其他訂餐 App,接下來他們會怎麼發展 (ㄕㄠ ㄑㄧㄢˊ),讓我們繼續看下去!
#肯吉唧唧
https://www.nytimes.com/2020/07/05/technology/uber-postmates-deal.html
https://secondmeasure.com/datapoints/food-delivery-services-grubhub-uber-eats-doordash-postmates/
doordash stock 在 貓的成長美股異想世界 Facebook 的精選貼文
[個股分析經驗談: 歪掉的成長股]
[從錯誤中學習]
去年對平台經濟做了些研究; 後來在秋天時, 看到原來一路漲的餐飲外送平台Grubhub(GRUB)股價下跌了, 心想或許這是一個好機會, 於是夥同高手一起對它做了個股分析.
隨著時間的流逝, 從新聞中我也感受到競爭版圖的變化. 也決定不再對GRUB抱著期望. 它就是我watchlist中, 一個用來驗證自己看法的代號而已.
個把個月過去了, 昨天股價又因為財報大跌了(另)一次.
餐飲外送這個市場的競爭越來越激烈了. 餐飲外送原本就是個競爭激烈的產業, 公司也很難有pricing power(定價能力).
三季無轉機. 決定將GRUB從觀察名單中移除.
從這次分析中學到的寶貴經驗:
1. 新興產業從藍海變成紅海的速度可以很快.
2. 要注意先行者優勢(first mover advantage)是否消失. 要隨時注意競爭對手的舉動.
3. 新興產業中的龍頭公司, 也有可能被老二老三(快速)擊敗.
4. 也是從這次的個股分析中, 讓我著實體會到了產業分析在個股分析中, 所扮演的重要角色.
5. 定價能力的重要性. 這也是巴老最看重的元素之一.
Grubhub CEO Matt Maloney, on the heels of a lukewarm earnings report that pummeled the company’s stock, criticized rivals DoorDash and Postmates for high service fees, extra costs hidden in menu markups and subscription programs he described as "bogus."
Maloney's charges followed a tepid quarter for the food delivery company, which reported a 96% dive in net income year-over-year to $1.3 million as its operating expenses and marketing costs ballooned. Revenue for the three months ending in June increased 36% year-over-year to $325.1 million, beating the FactSet consensus estimate of nearly $318 million. Grubhub, which went public in 2014, also lowered the top end of its full year revenue forecast, to a range of $1.34 billion and $1.39 billion.
https://www.forbes.com/sites/bizcarson/2019/07/30/grubhub-q2-earnings-delivery-price-gouging/#5f8528dd6c78
doordash stock 在 貓的成長美股異想世界 Facebook 的最佳解答
政府開門後, 一堆IPO等著上市. 美國財經節目主持人Jim Cramer認為, 在新的資金沒進場的情況下, 這(尤其是一些來頭很大的如Uber, GE Health Care)可能會在Q1波及到FANG stocks以及其他同產業的股票.
"Now, maybe you think I'm being small-minded here — it's just jeans, right? Wrong. See, it's not just jeans," he said. "We're about to get a tsunami of new initial public offerings that will flood this stock market with new supply, and there simply isn't enough money coming into the stock market to be able to handle all of this merchandise."
Just consider some of the biggest upcoming deals: Slack, Uber, Palantir, Airbnb, Lyft, Pinterest, Postmates, Doordash and Reddit all plan to go public to the tune of billions of dollars — in Uber's case, $120 billion.
When Slack, for example, goes public, money managers will probably sell shares of competing work collaboration platform Atlassian to make the money to buy Slack shares, since "they most likely won't have much new money coming in to fund those purchases, so they need to sell something if they want to do any buying," Cramer explained.
This effect will play out over and over with each IPO, the "Mad Money" host warned. When cybersecurity firm Palantir goes public, people will sell Palo Alto Networks or Proofpoint. When Postmates or Doordash IPO, GrubHub will get sold. When Uber shares finally hit the public market, hedge funds could even sell Facebook, Amazon, Apple and Alphabet.
doordash stock 在 DoorDash IPO: Is $DASH Stock a Day One Buy? - YouTube 的推薦與評價
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