Is tech consolidation an opportunity for investors?
Before jumping on beaten down tech stocks, carefully consider if they have already seen their best days
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THIS past week, The Business Times reported growing talk of a looming consolidation of the so-called “on-demand platforms” for transport and food delivery services.
I can’t help feeling partly responsible for their troubles. Through most of 2020 and 2021, I was buzzing food delivery riders through my front gate as often as twice a day. While I initially did this out of necessity, I soon grew to enjoy the convenience of being able to have meals from my favourite eateries quickly delivered to my home.
And, perhaps because I could not go anywhere, I was splurging on things that could be delivered directly to me – especially food.
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