Meals on Broken Wheels: Uber Eats, GrubHub, DoorDash & Postmates

What do DoorDash, GrubHub, Postmates and Uber Eats have in common with Lassie? Nothing. They’re dogs; Lassie’s a superstar. What do they have in common with each other? Everything. They take the world’s second oldest profession — Babylonia had delivery boys — sprinkle it with tech dust, click their ruby slippers, chant “There’s no place […]

Tech is eating restaurants’ lunch

The restaurant industry is increasingly digital. That’s good news for tech bros, but it’s bad news for restaurateurs. The big picture: Restaurants have always embodied the perils and the promise of capitalism. Their failure rate is high, but they’re also a time-honored way for immigrants in particular to use hard work and entrepreneurial zeal to break into […]

Americans Spend Billions on Takeout. But Food Delivery Apps Are Still a Terrible Business.

Before you dig into this column, you may want to order a pizza. Open up your favorite food-delivery app—DoorDash or Uber Eats, Grubhub or Postmates—and pick your favorite pizzeria. As I wrote the column, I had a hankering for a margherita pie from Amici’s East Coast, just a few miles away, in Mountain View, Calif. […]

Competitors elbow way to Grubhub’s table

It’s never been easier to get a meal delivered to a front door in the US with restaurant delivery services like Uber Eats, Grubhub, DoorDash, Postmates and Deliveroo on hand. But competition is heating up in the online food delivery market as customers put low prices ahead of loyalty. Grubhub, which also owns the service […]

For Restaurants, Delivery Is a Catch-22

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, […]

DoorDash Won Food Delivery by Seizing the Suburbs and $2 Billion

(Bloomberg) — There aren’t many jobs in Davidson, North Carolina, that offer the flexibility and decent pay that Alfonso Auz was looking for. He tried a bunch of gigs, including driving for Uber, before eventually settling on DoorDash Inc. Auz, 47, usually makes at least $150 a day delivering food from restaurants in his hometown, without having to […]

The Big Flaw in Grubhub’s Business Model Just Became Wildly Obvious

Restaurant delivery is only getting more and more popular among customers, which ought to be great news for Grubhub (NYSE:GRUB). But the service provider’s third-quarter numbers were plain awful, and its guidance was ugly, too. In this segment of the Oct. 29 MarketFoolery podcast, host Chris Hill and Motley Fool Asset Management’s Bill Barker dig into precisely where it’s […]

Louisiana-based food delivery company Waitr goes deeper into the red in third quarter

Louisiana-based food delivery company Waitr will cease operations in 38 “clearly unprofitable” markets over the coming months as the company’s leadership tries to find a “trajectory for a sustainable business,” CEO Adam Price told investors Thursday. The third quarter of 2019 — Price’s first quarter as CEO after founder Chris Meaux resigned and took a position on […]

Waitr reports net loss of $220M; company looks to stay independent

Waitr Holdings Inc., the Lake Charles-based mobile app food delivery business, went deeper into the red as the company reported a net loss of $220.1 million, or $2.89 per share, as of third quarter. By comparison, Waitr lost $6.5 million during third quarter 2018. About $192.1 million of the losses stemmed from goodwill and intangible […]