Uber Eats adds $3 Portland customer fee on food delivery orders after city approves 10% commission cap

Correction appended Uber has added a $3 customer surcharge on all food delivery orders from Portland businesses in response to the city’s new 10% limit on how much third-party food delivery apps can charge restaurants in commission during the coronavirus pandemic. The new fee on Uber Eats, labeled the “City of Portland Ordinance,” began appearing on the […]

‘Ruthlessly woke’: How Uber can redeem itself—and demolish Lyft

The first time I met Travis Kalanick, the cofounder and then CEO of Uber, he explained his vision in three blunt sentences: “One day, no one will own a car. Cars will drive themselves. And they’ll come to you at the push of a button.” Like any venture capitalist, I hear endless pitches from starry-eyed […]

How the Uber and Postmates Merger Impacts the Industry

The food delivery market is quickly changing, and restaurateurs nationwide are left wondering how this evolution will affect their industry. On Monday, Uber and Postmates officially announced their $2.65 billion merger, which is scheduled to close in Q1 of 2021. This means the U.S. third-party delivery market has slimmed from four major players to three, with […]

Waitr Pre-Announces Strong Second Quarter

Waitr, the Louisiana-based company that acquired Bite Squad and went public in 2018, shared some strong results ahead of its quarterly release after several difficult, money-losing quarters. According to Carl Grimstad, Waitr’s chairman and CEO, the strong performance is part COVID-19 and part sweeping changes the company undertook in late 2019 and early 2020. Those […]

Uber buys Postmates in deal where restaurants, delivery people and customers all lose

On Monday, Uber announced it was acquiring the food-delivery service Postmates for $2.65 billion in stock. While Uber says it will keep the Postmates app running as its own separate brand, the move effectively reduces the food-delivery industry from four major players — DoorDash, GrubHub (which owns Seamless), Postmates and Uber Eats — to three, and that could […]

Restaurant Cooperative Chomps Back at High Delivery Commissions

We’ve written extensively about the local food scene in this space. Late last week we covered the acquisition of GrubHub by JustEat Takeaway and the recent rounds of cash DoorDash and InstaCart raised. One of the great things about our interconnected world is that sometimes a post like last week’s will be read by someone doing something very interesting in […]

How Postmates Will Help Uber Eats Turn Profitable

[Updated 7/8/2020] Uber Confirms Postmates Deal. How Will It Drive Profitability? On Monday, Uber confirmed that it will be acquiring food delivery service Postmates for approximately $2.65 billion in an all-stock transaction, as it looks for a path to profitability for the Uber Eats business that remains significantly loss-making, despite witnessing strong demand through the […]

Uber Eats + Postmates = Amazon-sized opportunity

Consolidation in food delivery is the most obvious rationale for the deal. But the chance to compete with e-commerce giants may pay even bigger dividends. Uber Technologies Inc.’s deal to acquire Postmates Inc. isn’t just about the need for consolidation in the food-delivery industry. The company also has its eyes on a bigger prize: nabbing business from Amazon.com Inc. and Walmart […]

MyTown2Go is Joining the delivery.com Network

NEW YORK, July 7, 2020 /PRNewswire/ — delivery.com, a leading destination for local online food ordering and delivery that connects consumers and corporate clients to their favorite local businesses, today announced it is significantly expanding the reach and capabilities of its platform.  This expansion is due to nationwide food delivery service MyTown2Go. MyTown2Go brands Dinner Dart in Mississippi, Go Cravy in Florida and […]

The Delayed DoorDash IPO Appears Imminent and Impressive

DoorDash, a leader in on-demand food delivery platforms, is currently ranked No. 12 on CNBC’s 2020 Disrupter’s 50 list. Earlier in the year, the company filed for an IPO (Initial Public Offering) but it was subsequently delayed due to the impact of the novel coronavirus. However it wouldn’t be surprising to see DoorDash stock hit the markets this […]