What's gong on at #Deliveroo?

After an Initial Public Offering which raised £1bn they're still burning through cash at a rate of over £50mn a year.... they're losing money on operations; but in the previous 2 years they burnt through nearly £250mn.

Now, they are offering to return some of the money raised to #shareholders (or as FT Lex puts it, offering investors their deposits back).

So, is this a sign Deliveroo is now sacrificing growth for profitability - they've reached an optimum size?