Pizza Arbitrage
The owner of a U.S. pizza restaurant discovered he was (inadvertently) selling pizzas on the food delivery app DoorDash, and then realized he could make a profit through buying back his own pies. The cause was a fee-waiving system designed to bring in business—at a cost. "You have insanely large pools of capital creating an incredibly inefficient money-losing business model," said the writer who documented the discovery. Margins
The owner of a U.S. pizza restaurant discovered he was (inadvertently) selling pizzas on the food delivery app DoorDash, and then realized he could make a profit through buying back his own pies. The cause was a fee-waiving system designed to bring in business—at a cost. "You have insanely large pools of capital creating an incredibly inefficient money-losing business model," said the writer who documented the discovery. Margins
