The Ledger
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Oscar Pierre Faces a Potential Six-Year Prison Sentence Over Glovo's Labor Model
“And unfortunately, the, yeah, the country where we suffer from regulation the most is Spain. I'm not going to go into the details, but it's so extreme that I'm now in a criminal process for so the, yeah, the prosecutor, the general attorney accused me with six…”
Östberg: Glovo was losing $330M annually when Delivery Hero acquired it
“And global, we lost three hundred thirty million. When we acquired it”
Glovo's Monthly Burn Rate Reached €30 Million During Its Rapid Expansion Phase
“The burn was really scary, and it kept going up, no? 1520, 30.”
Glovo Achieved Its First Profitable Semester on Its Tenth Anniversary
“Yeah, we just turned profitable. We just turned 10 years, and the last, last semester was our first profitable semester.”