One out of ten people reading this article will have food delivered to their home this month via their smartphone. Data from eMarketer.com shows 38 million people in the US now use food delivery apps at least once a month, up 21% from last year. Private company DoorDash is the largest player in the delivery space, […]
Tag Archives: Commission Rates
Grubhub in Freefall – In a Free For All market
Facing its sharpest one day decline in its five-year history as a public company, and ranking as one of the steepest falling stocks of the week, shares of Grubhub (NYSE:GRUB), the once-dominant food delivery operator, tanked more than 40% after a disappointing earnings announcement. Back in 2014, Grubhub’s IPO saw their shares trading at $40 on opening […]
Trouble cooking? GrubHub, Uber Eats get pushback from restaurants on fees
NEW YORK (Reuters) – In a letter to investors before its share price plunged last week, online food delivery service GrubHub Inc (GRUB.N) cited its profitable ties with small and medium-sized restaurants, saying they generate 80% of the orders on its platform. “This is a highly lucrative relationship for both parties,” the letter said. But […]
GrubHub, Uber Eats Face Pushback from Restaurants on Service Fees
Food delivery services including GrubHub and Uber Eats are facing pushback from restaurants against the firm’s service fees. Reuters reports that a growing number of mid-sized and small food chains are pushing back against what they see as an unfair distribution of profits between them and food delivery services such as GrubHub and Uber Eats. GrubHub stated […]
ChowNow CEO: Online Ordering’s Future And The 90-Minute Restaurant Vacation Experience
Everything comes with a price — and that applies to the digital world as well. Consumers are waking up to the fact that all those free online and mobile services — email and social media among them — take in trade personal data that is chopped, diced, analyzed, bundled and sold to numerous third parties. Some […]
As state weighs regulation, CEO says Grubhub faces ‘false narrative’
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 […]
Grubhub is a ‘trojan horse’ for small businesses: New York City councilman
Food delivery app giant Grubhub (GRUB) is taking a major bite out of restaurants’ profits, according to one New York City councilman. And now he’s says the Big Apple’s government needs to step in to re-balance the equation. “Our small businesses, in particular the restaurant owners, are in trouble,” New York City Councilman Mark Gjonaj […]
Delivery by the numbers: How top third-party platforms compare
With global food delivery sales expected to reach $200 billion by 2025, restaurants are partnering with third-party platforms to drive revenue. But this strategy comes with serious risk — companies like DoorDash, Uber Eats and Grubhub take double-digit commissions off of every order, and some have been accused of skimping drivers of their tips and adding hidden fees to restaurant charges. Despite […]
Cowen Downgrades Grub on “Narrative Problem,” Recommends Buying Waitr
Cowen, a New York analyst firm that closely follows Grubhub, slightly downgraded its price target for the Chicago-based delivery giant. Following the company’s revised 2019 guidance, the firm lowered its price target from $91 to $86, affirming that it still expects Grub to outperform consensus expectations. Citing what it called a “healthy core business,” Cowen […]
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, […]