Why Uber Eats Will Eat You Into Bankruptcy

…Uber Eats charges a restaurant 30% of their listed prices for the privilege of delivering their food. For example, Bob’s Deli charges $10 for a burger. Uber Eats would take $3 dollars as a fee for delivering their food. Also, Uber Eats does not permit restaurants to increase their prices to “cover” Uber’s cost. Thus, …

McDonald’s Sees Positive Early Returns in Its Delivery Rollout

Last week, McDonald’s Corporation (NYSE: MCD) CFO Kevin Ozan presented on behalf of the company at the Bank of America Merrill Lynch Consumer and Retail Technology Conference. During his session, Ozan answered several analysts’ questions regarding the company’s early experiences with the partnership McDonald’s has struck with Uber Technologies ‘ UberEATS food delivery service. It’s been approximately a year since …

Uber Expands Food Delivery Service to 100 New Cities Ahead of 2019 IPO

Uber’s secret weapon appears to be its booming 2-year-old food delivery service. UberEats somehow has become the most profitable part of the business and will be expanding to 100 additional cities around the globe, according to a Financial Times report. Previously, Uber CEO Dara Khosrowshahi said UberEats was performing above management’s expectations, according to comments he made at the DLD …

Uber has ‘major advantage’ with food delivery: analyst

Uber is doubling down on UberEats, its four-year-old restaurant meal-delivery service, and that’s a logical move for the popular ride-sharing business which has a “major advantage” in that area, says one analyst. “Uber already has the advantage of their own delivery fleet as part of the rest of their business to rely upon, which most other food …

UberEats won’t lower cut despite cost to some restaurants

UberEats’ “aggressive” growth nationwide has encouraged hundreds more restaurants to sign up to delivery services, but it’s still too costly for many.  Multinational ride-hailing app Uber’s meal delivery service launched in Auckland one year ago. It has grown from 70 restaurants to more than 400, launched in Wellington, Christchurch and Hamilton, and increased its delivery hours to 4am in some …

Equity podcast: Uber’s losing billions, Amazon lays off hundreds and somehow Instacart gets more money

Welcome to “Equity,” TechCrunch’s venture capital and tech business podcast. On this week, we were joined by Mike Ghaffary from Social Capital,who was the perfect guest because he used to run Eat24, when it was Yelp’s food delivery business. Food delivery is highly relevant to this week’s news. First up, we talked about Uber, which is …

GrubHub, Uber Eats Will Be the Food Delivery Gatekeepers

…If even an experienced delivery provider like Yum needs help with this, then you can bet almost every other restaurant chain will, too.  And that highlights how much GrubHub and others of its ilk — Uber Eats, DoorDash, Caviar — are becoming powerful gatekeepers in the dining industry. Restaurants should not underestimate what a paradigm …

UberEats has both Charleston fans and detractors three months after launch

At North Central Deli, Paul Cheney will be delivering sandwiches and black-and-white cookies on a newly purchased Mexican cargo bike, even though he thinks UberEats is a great concept in theory.  “It has the potential, it could be better in the future, but right now it’s clunky,” he says.  North Central Deli is a tiny sandwich shop on …

These UberEATS Download Stats Make For Interesting Reading

…In between the launch date and now, UberEATS has racked up more than 550 000 downloads, and that number continues to grow at more than 10 000 a week. …Allenberg also revealed that UberEATS has now partnered with more than 1 200 restaurants in Cape Town, Stellenbosch, Johannesburg, Durban, and Pretoria, with more than 35 000 items for order. If you’re …

Cafe bans UberEATS, calling food delivery platform ‘incredibly exploitative’

A SYDNEY cafe has said it will refuse any more orders through UberEATS, claiming the organisation is “incredibly exploitative” and makes it virtually impossible to turn a profit. UberEATS, along with rivals Foodora, Deliveroo and Menulog, are part of the growing industry of on-demand food delivery, where customers order from restaurants and cafes through apps …