Much of the discourse around “private burrito taxi” economics, which crops up every six months when people get really bored on Twitter, suggests that the companies bringing us our expensive (but convenient) goods must be making a fortune from our everything-now appetites. In DoorDash’s case, though, profit has proved tricky to deliver. In the last quarter alone, DoorDash took …
Category Archives: Capital
Grubhub lays off 500 employees
Dive Brief: Dive Insight: Wonder completed its $650 million acquisition of Grubhub in January, ending Just Eat Takeaway’s nearly five-year ownership of the brand. Since the acquisition, Wonder and Grubhub have been working to align their businesses to “achieve our ambitious mission of becoming the primary destination for mealtime,” Migdal said. Wonder originally said its acquisition of Grubhub supported its …
DoorDash tops quarterly revenue estimates on strong online orders during holidays
Feb 11 (Reuters) – DoorDash (DASH.O), opens new tab topped analysts’ estimate for quarterly revenue and total orders on Tuesday, as customers turned to its online platform to buy everything from food and groceries to alcohol during the holiday season. Shares of the company rose nearly 7% in extended trading, after it also decided to buy back …
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Popular delivery service makes harsh decision amid struggles
It might come as second nature to many to order takeout through an app on their phones and have it delivered straight to their doorstep, especially when they are too lazy to pick it up themselves. However, it wasn’t that long ago that the only way to get takeout was to pull out the Yellow …
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Olo (OLO) Rose on Strong Results
Conestoga Capital Advisors, an asset management company, released its fourth-quarter 2024 investor letter. A copy of the letter can be downloaded here. For the second consecutive year, U.S. equity indices ended the year with double-digit returns after generating modest returns in the fourth quarter of 2024. Conestoga’s investment plans were hindered by the enthusiasm for everything artificial …
Former GrubHub Owner Just Eat Takeaway Bought In $4.2 Billion Deal
Former GrubHub owner and food delivery business Just Eat Takeaway has been acquired up by a backer of German rival Delivery Hero for $4.2 billion Just Eat’s board unanimously approved the takeover by the South African-owned internet investor Prosus, just two months after it left the London Stock Exchange. And the all-cash deal comes six …
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Food delivery company Grubhub to cut 500 jobs
Feb 28 (Reuters) – Grubhub CEO Howard Migdal said on Friday that the food delivery firm has decided to cut about 500 jobs, as it focuses on aligning its business with Wonder after the takeover was completed last month. Grubhub was bought last year by a food delivery startup Wonder, led by Walmart’s (WMT.N), opens new …
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DoorDash Releases Fourth Quarter and Full Year 2024 Financial Results
SAN FRANCISCO, February 11, 2025–(BUSINESS WIRE)–DoorDash, Inc. (NASDAQ: DASH) today announced its financial results for the quarter and fiscal year ended December 31, 2024. In addition to our financial results below, our annual letter to shareholders is available on the DoorDash investor relations website at http://ir.doordash.com. Our approach to building DoorDash is based on a mix …
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JD.com’s Food Delivery Foray Unnerves Investors as Shares Lag
Investors in shares of JD.com Inc. face a gut check in next week’s earnings report from the online retailer as it girds for battle in the food-delivery space currently dominated by Meituan. JD.com officially launched its JD Takeaway platform earlier this month, while a number of its Chinese tech peers were garnering attention with AI-related …
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Bring Me That announces it has closed on its Asset Purchase of Habitat Logistics Delivery Operations
CHICAGO, Jan. 28, 2022 /PRNewswire-PRWeb/ — Bring Me That Inc., a LatinX-owned gig driver first delivery and food ordering platform, today announced the Company has closed its agreement to acquire the delivery operation assets of Habitat Logistics. “The purchase of Habitat Logistics creates the opportunity to exponentially expand our gig driver AI-driven scheduling, incentives, pay, and feedback platform …