Grubhub‘s (NYSE:GRUB) stock popped on Jan. 8 after The Wall Street Journal claimed that the food delivery company was mulling a potential sale. However, most of those gains faded the following day after Grubhub denied the rumors. Grubhub stated that it “unequivocally” isn’t running a sale process and that there were “currently no plans to do so.” But this isn’t the […]
Tag Archives: Amazon
Amazon’s investment in food-delivery app Deliveroo, its key weapon against Uber Eats in the UK, suffered another big setback from regulators
The UK’s Competition and Markets Authority has decided to move forward with an investigation into Amazon’s stake in the online food delivery group Deliveroo, it announced Friday. Amazon led a $575 million fundraising round by Deliveroo in May, and its stake would give it more say in running the online food delivery group’s far-reaching UK network. But the […]
Amazon’s Deliveroo Takeout Leaves an Unpleasant Taste
It’s the worst nightmare of supermarkets and food delivery firms alike: Amazon.com Inc. turbocharging its grocery business with a network of couriers who can have grub on your doorstep within an hour. So you can see why Britain’s competition regulator has decided to challenge the e-commerce giant’s planned investment in Deliveroo, the U.K. rival to […]
Amazon Planning to start online food delivery service in India Very Soon
Amazon India is Launch their upcoming project in India To Start Online Food Delivery Service very soon, it’s Aiming to launch the Service in India very Soon, before the start of festive Season which kicks off in September. After building a Strong Base with its World class ecommerce and And Prime Streaming Content In India, […]
Amazon To Acquire Foodpanda To Strengthen Prime Now?
The global e-commerce giant Amazon.com, Inc. (NASDAQ: AMZN) is coming up with a major food delivery business plan in India. Some close sources to the company reported that Amazon’s Prime Now might be a primary resource for its online food delivery plan. Some media reports have suggested that Amazon might collaborate with Ola’s Foodpanda for its new food […]
Amazon will no longer use tips to pay delivery drivers’ base salaries
Amazon has announced that it’ll be ending its practice of using customer tips to pay its Flex drivers’ wages, according to a report by the Los Angeles Times and and confirmed by The Verge. The practice came under fire when it was revealed back in February that Amazon (along with other delivery services like Instacart and DoorDash) were using customer tips […]
Amazon Promises to Stop Taking Delivery Drivers’ Tips in DoorDash-Style Scheme
As we collectively await word from DoorDash that it’s finally made good on a promise to overhaul its tip-skimming operation, Amazon—which had a similar pay model in place for its Flex workers—has decided maybe that wasn’t such a great idea after all. The Los Angeles Times first reported the news Thursday, citing an email circulated to the company’s […]
Amazon in Europe
Just Eat and Takeaway.com want to join forces to fight Uber Eats and Amazon in Europe’s crowded food delivery market.Dutch company Takeaway.com said on Monday it had reached a preliminary agreement to merge with London’s Just Eat (JSTTY) in an all-share deal that would create a new company, Just Eat Takeaway.com.Just Eat shareholders would own roughly 52% of the new business, […]
Amazon may buy Uber Eats India business, plans to include food delivery to prime app
Amazon India is holding talks for a potential buyout of the local unit of food order and delivery platform Uber Eats. Meanwhile, the discussions are reportedly in their early stages where the two sides are possibly looking to explore a strategic alliance. The e-commerce major is keen on entering the food delivery business in India […]
Amazon outnumbered: data shows why Amazon Restaurants is shutting down today
This almost never happens: Amazon ($NASDAQ:AMZN) is giving up on a marketplace. After four years of attempting to take a bite out of the restaurant delivery industry, Amazon is shuttering its Amazon Restaurants operation. Originally launched in Seattle in 2015, Amazon Restaurants was aimed squarely at GrubHub ($NYSE:GRUB) and Uber Eats ($UBER) as an alternative for Amazon Prime customers. […]