Just Eat Takeaway

Just Eat Takeaway lost $6 billion in market capitalization in 2022 after merging two structurally flawed platforms, a destruction of value that dwarfs Deliveroo's IPO failure. Food arrives cold in 28% of orders, worse than the industry average of 18%, while the app's 12-hour complaint resolution trails competitor Deliveroo's 8-hour average by four hours. Despite its massive scale, the company bleeds €300 million annually, ranking it the financial disaster of this list.