In pandemic
Postmates sold for $2.6B
GrubHub stock douled
DoorDash founder made $3B
Uber Eats revenue up 125%

They charge restaurants 30% fees

Revenue for small restaurants we serve: down 45%. With delivery fees, they can lose money on transactions

Support restaurants directly
Small restaurant revenue vs year prior
April 2020⬇️73%
May⬇️63%
June⬇️50%
July⬇️46%
Aug⬇️43%
Sep⬇️43%
Oct⬇️35%
Nov⬇️43%
Dec⬇️51%
Jan 2021⬇️45%

The "best" month, with lockdowns lifted, was still 2x worse than peak 2009 recession.

source: our Gravity Payments processing data
"So why don't restaurants just not use delivery apps"

Most can't afford to set up a website delivery system and would automatically go under if they don't try.

Others don't have a choice - these apps set up services without the restaurants' consent buzzfeednews.com/article/veness…
"But what about the drivers; they need a living"

They do, and these apps are awful employers. They hire only as contractors, which means no min wage, no benefits, etc, & they make below poverty wage.

Long term, supporting bad jobs is a race to the bottom
eater.com/22228352/conve…
For those asking, no this is not me. Good to order direct from mom and pops when you can. They can’t afford big ad campaigns
Additional idea if you need to quarantine, see if someone needs some extra money to pick up your food directly for you. Lots of people could use it and you cut out UBER/DoorDash. Do the best you can. I understand everyone’s situation is different. Understand how lucky I am

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More from @DanPriceSeattle

2 Feb
What they did to Rep. Alexandria Ocasio-Cortez is completely and utterly disgusting. Her strength is seemly endless. Incredible to see a heroine rise to a moment like that.
*Seemingly*
Hey everyone, you should watch her Instagram live. Everyone should watch it. Will be civics 101 - no exceptions
For those questioning what I am saying, watch this video with an open mind. Then check out her other videos. Don't watch her on MSNBC or FoxNews. Just watch the damn videos and make up your own mind. instagram.com/tv/CJ-OkgNAO1N…
Read 5 tweets
1 Feb
There is no connection between the stock market and reality.

A thread:

1. Airlines spent 96% of free cash flow on stock buybacks for a decade, then cut 90,000 jobs as soon as trouble hits. Then they got a $50 billion bailout
bloomberg.com/news/articles/…
2. GE promised its CEO a huge bonus if stock hit $19. It didn't

So GE re-did contract so the bonus kicks in at $10/share

The CEO cut 20% of aviation staff to increase profits and raise the stock to $10

His bonus: $47M. If it goes up again he gets $270M
ft.com/content/c84bde…
3. JCPenney
April: furloughed 85,000 employees
May 10: Gave CEO $4.5 million bonus on top of $17 million/year in pay
May 15: went bankrupt
Oct: laid off 15,000 people
Dec: closed 150 stores
Now: CEO left with $4.5M bonus after stock fell 88% in her 2 years
cnn.com/2020/12/30/inv…
Read 42 tweets
27 Jan
Proud to announce plans I've been working on with lawmakers for the nation's first billionaire wealth tax, in WA state.

Under the 1% tax, Jeff Bezos would pay $1.9 billion. He makes that in a week.

WA has the most regressive tax system in the country.
app.leg.wa.gov/billsummary?Bi…
The revenue from a wealth tax on Washington's billionaires would singlehandedly make up our state's $3.3 billion budget shortfall while leaving taxes the same for 99.999% of residents.

It makes no sense to gut education and critical services further to protect the rich.
Washington is one of the few states with no income tax. We have the most upside-down tax system in America: low-income residents pay 18% of their income on taxes. The rich pay 3%.

Nationally, billionaires pay the lowest tax rate of any income group.
nytimes.com/interactive/20…
Read 4 tweets
26 Jan
"$15 an hour will increase prices"

Costco: pays workers well, same prices as Walmart's Sam's Club

In-n-Out: pays workers well, same prices as McDonald's

Best Buy, Target & Home Depot: raised pay 20% in pandemic, same prices

All 5 pay over $15. They made $15B+ profit in 2020.
Funny, when there's a plan to raise the minimum wage to $15 an hour, big businesses say "we''ll have no choice but to raise prices."

But when they got $1.9 trillion in corporate tax breaks, not one big business said "good news! we're able to lower prices."
Jeff Bezos net worth when Amazon enacted $15/hour min wage: $135 billion

Jeff Bezos net worth now (2.5 years later): $192 billion

Amazon quarterly profit grew 120% in that span
Read 5 tweets
13 Jan
Compared to white people:
*Black-owned homes devalued 23%
*Black-owned property taxes 13% higher
*Bank fees 2x higher for black customers
*Black-owned biz closed at twice the rate in pandemic
*Black people w/ NO criminal record earn $10k less than white people w/ criminal record
Sources on all that
1. Homes devalued nytimes.com/2020/08/25/rea…
2. Property taxes washingtonpost.com/business/2020/…
3. Bank fees cnbc.com/2021/01/13/bla…
4. Small business closures bloomberg.com/news/articles/…
5. Pay/criminal record comparison brennancenter.org/our-work/resea…
*Black college grads have 50% less wealth than white high school dropouts
*Top 10 most-audited counties are 79% people of color
*Black-white homeowner gap is bigger now than 120 years ago
*Electoral college gives white people 16% more voting power than Black people
Read 24 tweets
9 Aug 20
There are a lot of easy and popular public policy wins we could go after right now

But we are all too hung up on hating the other side and the horse race to force our elected officials to do anything about it
Want examples? A small UBI, mental health care access, educational access including early childhood and before and after school care, shoring up social security, medicare, and medicaid, expansion of medicare to cover everyone who wants it,
immigration reform with guest worker programs and a path to citizenship, adoption reform to make adoption way easier and without sacrificing safety, ending mass incarceration, beefing up gun safety protections, police reform,
Read 6 tweets

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