Pandemic Bellwether Services Like Food Delivery Go Out of Business

by Mish Shedlock, Mish Talk: Consumers are reining in their spending on pandemic-era luxuries and conveniences, just as investors are doing the same. The Wall Street Journal discusses The Decline of the Nice-to-Have Economy In 2020, Nestlé bought Freshly, a home-meal delivery service, for $950 million. At its peak during the pandemic, Freshly said it was […]

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