The Menus and the Targets
Look at DoorDash. They are the reigning champions across the pond, but if Uber consolidates its global power, DoorDash might feel compelled to strike back with its own acquisitions. They cannot simply sit still while a rival eats the market.
Then there is Instacart, trading under the rather quaint corporate moniker Maplebear. Delivering groceries requires a completely different logistical playbook to fetching a pizza, and Instacart has mastered it. To my eye, they look remarkably appetising to any massive platform wanting to dominate the broader retail space.
We also cannot forget the food makers themselves. Domino's Pizza sits in a uniquely sensitive spot. They operate a massive proprietary delivery network, but they also rely on third-party apps. If the delivery sector shrinks into an ossified oligopoly, the balance of power shifts entirely. Fewer apps mean worse commission terms for the restaurants.