Delivery Hero

DE000A2E4K43

Delivery Hero SE is a European multinational online food-delivery service based in Berlin, Germany. The company operates in 40+ countries internationally in Europe, Asia, Latin America and the Middle East and partners with 500,000+ restaurants.Delivery Hero processed more than 666 million orders in 2019.While Delivery Hero is headquartered in Germany with offices worldwide, as a "gig economy company" (akin to Uber or Airbnb) nearly all of the company's deliveries are carried out by workers using bicycles and cars, dispatched via the company's smartphone apps. In general, and in contrast to recent legal precedents in Canada and Australia, Delivery Hero does not classify these couriers as employees. This policy has led to ongoing legal battles and labour disputes, and may be linked to the shutdowns of Delivery Hero's operations in several countries.

Delivery Hero has been a target of short sellers for a while. The current short interest of 0.69% is slightly below the average of the last 12 months (3.16%).

History