ASAP, the company formerly known as Waitr, has ceased operations, according to a message posted to the company’s website. The post read that after 15 years of dedicated service, the decision has been made to close the delivery and carryout business “We’ve made the tough decision to cease operations,” the post read, “We write to …
Category Archives: Capital
Once considered a Louisiana success story, this company is now weighing bankruptcy
Waitr Holdings Inc., the parent company of ASAP (formerly Waitr), is considering bankruptcy, according to a Form 8-K filed with the U.S. Securities and Exchange Commission on Monday morning. On Friday night, the Lafayette-based food ordering platform announced it had ceased operations with respect to carry-out services. The company had already ceased delivery services on Feb. 13, …
The company that started as Waitr in Louisiana 15 years ago has ceased operations
ASAP, the Lafayette delivery company formerly known as Waitr, has ceased operations, the company announced on its website. The company that launched 15 years ago as the idea of Acadiana entrepreneur Chris Meaux before it went public and later was rebranded announced it has closed its business. It’s unknown when the decision was made, but …
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ChowNow snaps up YC-backed POS platform Cuboh and is laying off staff
ChowNow, the online ordering platform and marketing service for local restaurants, acquired Cuboh, a Y Combinator-backed point-of-sale (POS) platform that consolidates all orders from delivery apps into one place. This marks ChowNow’s first acquisition, which will help strengthen its POS integration solution and help restaurants tackle orders across multiple services. However, as part of the …
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Ride-Hailing Is Uber’s Big Moneymaker, But That Could Change in the Future. Should Investors Care?
If you asked 10 different people what Uber Technologies (NYSE: UBER) does, all 10 would likely say Uber is in the “ride-hailing” business. They’d be right. For investors, though, there’s an important footnote worth adding to this answer. Although personal mobility currently makes up the biggest piece of the company’s top and bottom lines, its delivery services unit …
Just Eat expects profits to surge by 40% in 2024
ust Eat Takeaway (JET) revealed a reduced annual loss as it put through a lower impairment charge of €1.54bn (£1.32bn) on past acquisitions, as better-than-expected adjusted cash profits (Ebitda) helped the food delivery app return to a positive free cash flow in the second half of its financial year. A total depreciation, amortisation and impairment charge of €2.14bn this …
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DoorDash Inc (DASH) Reports Strong Q4 and Full Year 2023 Results
On February 15, 2024, DoorDash Inc (NASDAQ:DASH) released its 8-K filing, disclosing its financial performance for the fourth quarter and the full fiscal year of 2023. The company, a leading online food order demand aggregator, has continued to expand its services beyond restaurants to include grocery, retail, pet supplies, and flowers, generating a gross order volume …
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Olo Inc.’s Financial Health: A Mixed Picture of Revenue Growth and Operating Losses
Olo Inc. has shown consistent revenue growth since its IPO, but concerns remain about its operating losses and negative operating cash flow. This analysis explores Olo’s financial health, product offerings, and market position compared to competitors like Toast. Olo Inc.’s Public Offering and Financial Health: A Comprehensive Analysis Olo Inc.’s Public Debut and Revenue Growth …
Uber stock pops more than 14% on $7 billion share buyback
Uber’s stock closed up more than 14% on Wednesday after the ride-hailing company announced it will buy back up to $7 billion worth of company shares. “Today’s authorization of our first-ever share repurchase program is a vote of confidence in the company’s strong financial momentum,” Uber CFO Prashanth Mahendra-Rajah said in a press release Wednesday morning. Mahendra-Rajah added that …
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DoorDash’s rising labor costs weigh on Q1 profit outlook, shares fall
DoorDash (DASH.O), opens new tab on Thursday forecast a quarterly profitability metric below Wall Street expectations, hurt by higher labor costs that overshadowed a surge in delivery orders, sending its shares down over 8% in extended trading. The delivery firm, which also reported a wider-than-expected loss for the fourth quarter ended Dec. 31, has increased minimum pay …
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