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The world is on COVID - 1 9 lockdown and many transportation companies are going bankrupt because of a nationwide stay - at - home
The world is on COVID lockdown and many transportation companies are going bankrupt because of a nationwide stayathome order. One ridehailing company is looking for ways to get through the crisis. The management team has decided to launch a food delivery business, thinking that people will start ordering more food and drivers will be able to pivot and use their cars for food delivery instead of customer trips.
A newly appointed CEO of a food delivery business has convinced the Clevel leadership of the rideshare company to acquire their food delivery startup for $B The startup makes $M in revenue but operates at $M loss per year.
The new CEO plans to lead a turnaround at the newly acquired food delivery business, make it profitable and grow its share in the overall companys revenue to in year.
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