• Deliveroo could leave Spanish market ahead of on-demand labor reclassification

    1 month ago - By Tech Crunch

    Deliveroo announced today that it is considering leaving the Spanish market, citing limited market share and a long road of investment with “highly uncertain long-term potential returns” on the horizon.
    The company, an on-demand outfit based in the U.K., went public earlier in 2021. Its shares initially sagged , drawing concern about both the value of on-demand companies and tech concerns listing in London more broadly. However, shares of Deliveroo have since recovered, and the company's second-quarter earnings report saw it raise its expected gross order volume growth expectations “from...
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