Restaurant delivery app Waitr has found the competition in Lincoln a little too steep. The company recently told its local drivers that it will be pulling out of the market Dec. 5. Dean Turcol, Waitr’s media relations director, confirmed that news Thursday to the Journal Star. “In order to position ourselves for the future, we’ve …
Continue reading “Food delivery service Waitr calling it quits in Lincoln”
Waitr Holdings, the Louisiana company that acquired Minneapolis-based online restaurant-delivery service Bite Squad a year ago, is making deep cuts to its Twin Cities staff as the last of Bite Squad’s old leaders depart. The Star Tribune reports that Waitr (NASDAQ: WTRH) this week laid off most of its operations and dispatch workers at its Minneapolis …
Continue reading “New Bite Squad owner cuts dozens from Twin Cities staff as ex-leaders depart”
After launching in Rochester with great fanfare (and piles of press releases) in August, a Minneapolis-based food delivery biz is pulling the plug on its Med City operations. more
SIOUX CITY, Iowa — Bad news for folks who like their food delivered. According to an email received by a local restaurant employee, on-demand food delivery service Bite Squad plans to end service in Sioux City Dec. 5th. Bite Squad tells Siouxland News in a statement: In order to position ourselves for the future, we’ve made …
Summary Waitr, despite all its flaws, has strong growth and a clear path to profitability. Much of its drop is caused by one time problems in Q2 and near term competitive pressures. Valuation is trading far below peers. This article was selected to be shared with PRO+ Small & Micro Cap subscribers – find out …
Continue reading “Waitr: Outsize Returns More Likely Than Bankruptcy”
Bite Squad is set to launch in Hilo on Friday, marking the first Hawaii Island city for the app-based delivery service. More than 40 Hilo restaurants have partnered with Bite Squad so far, including Amigos Taqueria, Bangkok Villa Hilo, Don’s Grill, Ning’s Thai Cuisine, Popover Bakery & Café, Sky Garden Restaurant, Sushi Ebisuya and Tetsumen …
NEW ORLEANS, Sept. 02, 2019 (GLOBE NEWSWIRE) — Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into Waitr Holdings Inc. (WTRH). KSF is investigating whether Waitr and certain insiders and entities associated with …
…Waitr announced in early December that it would buy Bite Squad and closed the deal just six weeks later. Since then, the firms merged executive teams, reported their first financial results together and started carving out territories. In the Twin Cities, the deal represented the biggest exit event this decade for a local tech startup. …
Continue reading “Speed counts in food deliveries, and in mergers like Bite Squad and Waitr”
When Boone students came back from their summer break, they were met with a confusing sight. The food delivery company Boone Takeout was replaced with a bright green Bite Squad logo. “Bite Squad has been on a growing spree and last year we more than doubled our footprint,” said Liz Sniegocki, Bite Squad media relations …
Continue reading “Bite Squad creates industry tension by buying out local delivery service”
Two drivers have filed a class-action lawsuit against their employer, Waitr Holdings, Inc., alleging the company violated the Fair Labor Standards Act by failing to meet minimum wage requirements. The suit also claims that some drivers had been misclassified as contractors while performing the work of employees. The suit, which was submitted late last month …
Continue reading “Waitr Delivery Drivers Say They’re Being Screwed, Too”
