Why the Big Restaurant Delivery Apps Will Need the Courts to Save Their Business

At a Goldman Sachs conference last month, Uber CEO Dara Khosrowshahi addressed legislation capping the commissions restaurants have had to pay Uber (Postmates’ parent company) and other large delivery companies in recent months. Short-term regulation is unpredictable, but “long-term regulation is smart,” he said, because it follows common sense. Uber and other restaurant delivery companies like DoorDash are …

Yummy bags $18M as its expands delivery app across Latin America

Three months after announcing a $4 million seed round, Venezuelan delivery super app Yummy is back with an $18 million Series A round that will accelerate the company’s proposed expansion throughout Latin America. Anthos Capital led the latest round, with additional participation from JAM Fund, whose founder Justin Mateen was an investor in the seed round. …

Waitr’s stock rockets on heavy volume after Morgan Stanley discloses more than 10% stake

Shares of Waitr Holdings Inc.WTRH,+58.45%shot up 45.4% on massive volume in afternoon trading Wednesday, to bounce off a 19-month closing low in the previous session, after Morgan Stanley disclosed a 10.3% stake in the company. Trading volume ballooned to 155.9 million shares, enough to make the online ordering technology platform company’s stock the most actively …

CHILI’S IS RAISING PRICES TO COMBAT RISING LABOR, FOOD COSTS

Chili’s and Maggiano’s parent Brinker International is raising prices by 3% to 3.5% to combat the one-two punch of higher labor and food costs. The owner of more than 1,600 casual-dining restaurants will institute the hikes for fiscal year 2022 in hopes of improving operating margins that fell by more than a percentage point in …

Just Eat CEO says Grubhub will be part of US delivery consolidation

AMSTERDAM (Reuters) – The chief executive of Just Eat Takeaway.com said on Thursday he expects newly acquired Grubhub to eventually be part of a consolidation in the U.S. delivery market, but signalled he is not currently open to selling the business. “Over time there will inevitably be consolidation in the wider U.S. on-demand delivery market, …

Just Eat Takeaway Aims for Reset Button as Shares Trail Rivals

(Bloomberg) — After watching its share price plunge and investor pressure ratchet up over the past year, Europe’s Just Eat Takeaway.com NV needs to address concerns over its strategy at an investor day on Oct. 21. The Amsterdam-based business was removed from the FTSE 100 benchmark stock index last month, its share price trails rivals, …

Analysis-Eat or be eaten? Food delivery apps have knives out as pandemic boom fades

AMSTERDAM (Reuters) – The meal delivery market is expected to turn to a phase of consolidation in the coming months as players look to adjust operations after the explosive boom in demand served up to them during the COVID-19 pandemic. The industry, which includes the likes of Uber Eats, Just Eat Takeaway and Deliveroo, generally …

GrubHub founder Matt Maloney leaves 4 months after company was acquired

Grubhub founder Matt Maloney is leaving the food-delivery giant just four months after it was acquired by a European conglomerate. Amsterdam-based Just Eat Takeaway bought Grubhub, which also owns Seamless, in June for $7.3 billion, naming a new chief executive — former president and chief financial officer Adam DeWitt — to succeed Maloney who was bumped …

Local Columbia restaurants struggle to find right way to work with big delivery services

COLUMBIA — Despite the pandemic’s surge of carryout customers, some small Columbia-area restaurant owners say that delivery services don’t add up for them. Services such as DoorDash and Grubhub have marketed themselves as ways for restaurants to reach more customers than before.  At its new location in West Columbia, longtime local favorite D’s Wings has …

Rideshare Drivers Could Make as Little as $4.82 Per Hour if Uber Gets Its Labor Law in Massachusetts, Study Finds

Uber, Lyft, DoorDash, and Instacart are looking to buy another law in Massachusetts by replicating Prop 22, the disastrous, virtually irrevocable California ballot measure that deprived their workers of employee status. Now, leading rideshare labor researchers from the UC Berkeley Labor Center have predicted how bad it could get—as little as $4.82/hour for Uber and Lyft drivers. …