…Grubhub controlled 69% of New York City’s third-party food delivery market in May, according to Second Measure. Uber (NYSE: UBER) Eats ranked second with a 14% share, followed by DoorDash’s 10% share. But on a nationwide basis, Second Measure claims that DoorDash overtook Grubhub as the market leader in May, claiming 32% of the market compared to Grubhub’s 31.7% share. …
Continue reading “Grubhub Faces a New Headwind in Its Biggest Market”
…Grubhub took another blow at the end of last week when a New York City council member called for an antitrust investigation into the company. In a letter dated July 2 and obtained by the New York Post, Mark Gjonaj, head of the City Council’s Committee on Small Business, asked New York Attorney General Letitia James …
…Schumer said the nation’s largest food-ordering platform should “take a hard look at their fee structure and prospecting algorithm which they have blamed, in part, for this mess and make a real effort to fix the problem while fully cooperating with the feds.” “It is the everyday New Yorker who can wind up eating the …
Continue reading “Schumer aims to end messy fight over Grubhub fees, ‘fake’ websites”
NEW YORK (WCBS 880) – Local restaurants are fighting food delivery giant GrubHub, complaining of fake websites and bogus fees that have nothing to do with food orders. …Chirico spoke at a news conference organized by Sen. Chuck Schumer on Sunday. The senator says GrubHub needs to “clean up” its act. “GrubHub has been taking advantage …
Continue reading “Restaurant Owners Say Delivery Giant GrubHub Dishing Out Bogus Fees”
…The upshot of all of this is that it’s remarkably difficult for rideshare drivers to make minimum wage, which has led to the recent push in the California assembly to reclassify them as employees, rather than independent contractors. This would mandate minimum wages, health benefits, and sick leave — and could cost Uber and Lyft …
Continue reading “Are the Uber and Lyft Bubbles about to Burst?”
It was clear almost from the first that the California Supreme Court, in a ruling in April 2018, threw the business models of Uber and Lyft companies for a loop. The thrust of the ruling was that drivers for those companies had been improperly classified as “independent contractors” when in fact they’re employees, entitled to …
Continue reading “Uber and Lyft try to blunt a court ruling that their drivers are employees”
News of partnerships with well-known food brands and the potential for easing competitive pressure has helped Grubhub stock (ticker: GRUB) recover substantial ground since early June. On Thursday, however, investors fretted about something else: regulatory worries in New York. The shares were recently down 3.4% to $74.43 following a Wednesday night New York Post report that said the state …
Continue reading “Grubhub Stock Falls on Fears of New York Regulation”
Grubhub might have to swallow hard when it reads this new set of rules. The New York State Liquor Authority — a powerful agency that regulates restaurants serving alcohol statewide — is developing new rules that will significantly curb the stiff fees that can be charged by food-ordering companies like Grubhub, Uber Eats, DoorDash and …
Continue reading “State liquor authority threatens delivery services over hefty fees”
Over the last few years, millions of Chinese workers managed to earn extra money by being ride-hailing drivers. Many picked the gig because of its flexible schedule. For those who could not otherwise afford to own a car in China’s pricy metropolises, driving around is also a status symbol, even if they are paying off …
