The answer, of course, is that stock markets are all about pricing future profits, or at least in Deliveroo’s case, the hope of future profits. The online food delivery service has grown quickly during the pandemic – sales last year were more than £4bn, nearly two-thirds up on 2019 – and it has been able to reduce its annual loss.
This article was originally published by Bbc.co.uk. Read the original article here.