OLO - This Stock Is Radically Transforming a Multitrillion-Dollar Industry
Let me tell you a story. A YouTube star known as "MrBeast" wanted to profit off his massive number of followers. Over 66 million people subscribe to his channel, and his videos have had over 11 billion views. So, MrBeast decided to create a fast food franchise overnight. Using Robert Earl's Virtual Dining Concepts (VDC) , he was able to start up his own virtual kitchen, MrBeast Burgers, and in December he opened his first "pop-up" restaurant in Greenville, North Carolina.
Via the VDC ghost-kitchen network, MrBeast Burgers opened virtually in almost 300 locations simultaneously. At the time, his food delivery app was the most downloaded app on Apple 's iTunes Store and Alphabet 's Google Play. And 100% of MrBeast Burgers were ordered online, via the Olo (NYSE: OLO) platform.
Regardless of what happens with the MrBeast chain, online ordering is clearly the wave of the future . And Olo (short for "On 'line' Ordering") is the platform that will make it happen. Here's why you might want to invest in Olo now, while it's still small (with a market cap of $5.5 billion).
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This Stock Is Radically Transforming a Multitrillion-Dollar Industry