Why No One Should Invest in Food Delivery Stocks in 2021

·4 min read
Why No One Should Invest in Food Delivery Stocks in 2021

An estimated 111 million Americans used food delivery apps last year, compared to just 66 million five years ago. DoorDash (NYSE: DASH), Uber Technologies' (NYSE: UBER) Uber Eats, and JustEatTakeaway (NASDAQ: GRUB) are currently the three largest food delivery companies in the country, with a combined market share of 85%. Despite amazing user growth, food delivery stocks are terrible investments.