Still standing despite a drubbing, Grubhub (NYSE:GRUB) lost stock value at a headline-making rate over the past year, but managed a tasty boost to its sales. Analysts think a merger with Amazon (NASDAQ:AMZN) or Uber (NYSE:UBER) could turn Grubhub into a stock market dynamo again, considering that several metrics remain notably positive. Successful food delivery mergers in Germany strongly suggest the analysts are right …
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Grubhub Inc. misled investors about order declines, lower revenues, and problems with its exclusive partnership business model, a suit filed in Illinois federal district court Nov. 20 says. The food delivery app made “massive investments” in its platform to increase demand, but didn’t tell investors customer orders were actually declining, the would-be class complaint filed in …
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Grubhub Inc. Chief Executive Matt Maloney says his food-delivery rivals need to charge more sales taxes on their delivery fees. They disagree. Delivery fees administered by companies like Uber Technologies Inc.’s Uber Eats division, Postmates Inc., DoorDash Inc. and Grubhub are receiving increasing attention from local officials who have watched the industry grow quickly in …
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The food delivery company Grubhub said it has collected hundreds of millions in taxes for delivery and service fees in dozens of states since at least 2011. But Recode has found that in some of those same states, Grubhub’s top rivals in the delivery space, including DoorDash, Postmates, and Uber Eats, don’t appear to be …
More than 2,200 DoorDash Inc. couriers want the on-demand delivery company to abide by the arbitration agreements it uses to thwart would-be litigants and also are suing to stop the company from issuing new agreements to the drivers. The DoorDash couriers attempted to file individual arbitration claims that they’re misclassified as independent contractors, as opposed …
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DoorDash is facing a new lawsuit regarding its tipping practices. This time, it’s coming from Washington, D.C. Attorney General Karl Racine. In the suit, Racine accuses DoorDash of engaging in deceptive tipping practices while also failing to provide any relief to workers whose tips were taken. Racine’s office first opened an investigation into DoorDash’s practices in March …
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Grubhub will create a new third-party task force to review the way it charges restaurant partners for phone orders, according to Crain’s New York. The move comes after the New York City Council sent a letter to Grubhub CEO Matt Maloney threatening to pursue legislation if restaurant complaints weren’t addressed. The company’s task force will provide recommendations …
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Ride-hailing drivers in New York City have filed a lawsuit against Uber that claims the company wrongfully deducted taxes from their paychecks and did not pay them the full income they earned from rides. The lawsuit was filed in federal court in Manhattan on Wednesday by the New York Taxi Workers Alliance, an organization with about 22,000 …
Uber Eats drivers have reported “barely afford[ing] rent” and are “thinking of sleeping in [their] car” after falls in delivery volumes saw drivers cop a pay cut. In a survey of 67 drivers in Sydney, Melbourne and Geelong conducted by the Transport Workers Union (TWU), some Uber Eats drivers have been pushed to the brink …
Continue reading “‘Destroyed me financially’: Uber Eats drivers near homelessness as pay halved”
As a state agency weighs a measure that could limit fees for food-delivery, Grubhub CEO and Founder Matt Maloney says his company has fallen victim to a false narrative. Maloney said in a phone interview Friday that there are misunderstandings about the company’s fee structure and how it works with restaurants, which is coupled with frustrations …
Continue reading “As state weighs regulation, CEO says Grubhub faces ‘false narrative’”
