Eaze Technologies, Inc., the San Francisco-based cannabis delivery service, recently informed its employees that it plans to shut down operations, according to an internal source. Eaze reportedly made a company-wide announcement this week that it will wind down its operations within the “next two months.” The company serves customers in Michigan and various cities throughout …
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The restaurant tech company laid off more employees after reporting a 27% revenue surge last quarter to attain “balanced growth.” Dive Brief: Dive Insight: Glass, in his comments to employees, acknowledged that Olo was profitable, but said the company needed to “drive efficiencies.” Olo did not directly specify, either in Glass’ letter or in the …
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Fooda, a leader in workplace dining solutions, is excited to announce it has acquired Foodsby, an innovator in the group delivery space. By joining forces under Fooda’s umbrella, the combined companies will offer expanded opportunities for clients and local restaurant partners, enhancing workplace dining experiences across the country. With this move, Fooda strengthens its ability to …
The ASAP.com domain name was sold in a bankruptcy auction managed by Heritage Global Partners (HGP). The sale price was $340,000, plus an additional 19% buyer’s premium. The total paid for the domain name was $404,600. David Barkoff, Senior Vice President at Heritage Global Partners, confirmed the sale has fully transacted. David also let me know that …
DoorDash shared its second-quarter earnings performance last week and it was another boffo report, at least on the revenue side. Revenue went up 23 percent to $2.6 billion over a year ago. It lowered its net loss from $170 million to $157 million. And it received 635 million orders in the quarter, a growth of …
Continue reading “Is There a Revenue Ceiling for Third-Party Delivery Providers?”
DoorDash said Thursday that it set records for orders and revenue in the second quarter, growth that came despite slowing U.S. restaurant traffic. The San Francisco-based delivery company said its total orders rose 19% to 635 million in the April-June period. That was ahead of the 625 million Wall Street expected, according to analysts polled by …
A DoorDash driver on an electric bicycle wearing a cooler backpack with the skyline of San Francisco in the background. Smith Collection | Gado | Getty Images Shares of DoorDash popped 13% in extended trading on Thursday after the company reported second-quarter results that beat analysts’ expectations for revenue. Here is how the company did, according to LSEG analysts’ …
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Uber on Tuesday reported second-quarter earnings results that topped Wall Street estimates. The stock rose about 6% at the market open. Here’s how the company did for the period ending June 30, compared with what Wall Street was expecting based on a survey of analysts by LSEG: Revenue increased 16% from $9.23 billion a year earlier, …
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Restaurant software company (NYSE:OLO) reported results ahead of analysts’ expectations in Q2 CY2024, with revenue up 27.6% year on year to $70.5 million. Guidance for next quarter’s revenue was also optimistic at $71.05 million at the midpoint, 2.9% above analysts’ estimates. It made a non-GAAP profit of $0.05 per share, improving from its profit of …
Continue reading “Olo (NYSE:OLO) Surprises With Q2 Sales, Stock Jumps 22.1%”
UrbanPiper Chief of Growth Manav Gupta jumps on a call at 7 p.m. his time in India to accommodate a 10.5-hour time difference. “Oh this isn’t too late,” he said cheerfully to start our interview. It is evident that he has steered his company through pivots and expansion by working odd hours. Ten years ago …
Continue reading “Integrations Provider UrbanPiper Has Landed in the U.S. What’s Next?”
