The @Uber-@Postmates merger will ONLY benefit monopolistic pandemic profiteers focused on growing their power at the expense of restaurants, workers, and consumers.
axios.com/doj-clears-ube…
axios.com/doj-clears-ube…
2/ Both @Uber & @Postmates’ business models are built on trapping restaurants & workers in a predatory payday loan cycle of dependence and destitution.
And both @Uber & @Postmates use the “Break it till you Make It” approach to the law.
And both @Uber & @Postmates use the “Break it till you Make It” approach to the law.
3/ @Uber was a vanguard in the business of providing illegal taxi service and misclassifying workers as “contractors.”
@Postmates pioneered the predatory practice of stealing menus and offering unauthorized delivery service from restaurants without their knowledge.
@Postmates pioneered the predatory practice of stealing menus and offering unauthorized delivery service from restaurants without their knowledge.
4/ Now, unauthorized deliveries are one of the apps’ favorite bait-and-switch tactics for convincing restaurants to pay 30-60% commissions.
When COVID-19 shut down dining rooms & dozens of cities capped fees to help restaurants, both @Uber & @Postmates lobbied hard to stop them.
When COVID-19 shut down dining rooms & dozens of cities capped fees to help restaurants, both @Uber & @Postmates lobbied hard to stop them.
6/ Merging these two repeat offenders will only hurt struggling independent restaurants, more than 100k of which have closed permanently or long-term due to COVID-19.
7/ Meanwhile, @Postmates & @Uber are burning $$$, backed by deep-pocketed investors who are betting they can monopolize the market, cut wages & hike their already-enormous fees.
8/ In the Q1-Q3 of 2020, @Uber lost $5.7 billion.
And @Postmates lost $105 million in Q1 & Q2 of 2020.
Obviously, their business models have been successful…🙃
And @Postmates lost $105 million in Q1 & Q2 of 2020.
Obviously, their business models have been successful…🙃
9/ It’s time to recognize these eternally cash burning companies for what they really are: Silicon Valley slush funds to promote the abolition of labor rights & normalize the disruption of small biz out of existence.
10/ President-elect Biden’s new antitrust chief should investigate whether the @Uber-@Postmates deal is corrupt and undo this illegal merger.
11/11 In the meantime, there are ways to ensure restaurants & communities can connect through new tech while preventing predatory practices by middlemen.
As @moetkacik explains in “Rescuing Restaurants,” now more than ever, we must #ProtectOurRestaurants👇bit.ly/2UbeoYD
As @moetkacik explains in “Rescuing Restaurants,” now more than ever, we must #ProtectOurRestaurants👇bit.ly/2UbeoYD
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