Olo has agreed to pay $9 million to settle a class-action lawsuit brought by shareholders who accused the company of failing to properly disclose the end of its relationship with Subway. The agreement comes after a New York district judge twice denied Olo’s efforts to have the lawsuit dismissed. The company continued to deny any …
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Olo believes there are distinct advantages to using its platform that operators can’t find anywhere else. A robust database filled with customer information is the new currency of the restaurant industry, says Olo CEO Noah Glass. Proper use of data and recognition of high lifetime value guests is going to separate winners and losers in …
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Dive Brief: Dive Insight: Wingstop began investing $50 million in its platform three years ago, Skipworth said. Given that Olo revealed its brand contracts typically last three years, its possible Wingstop has spent the whole of a contract cycle building up its tech products in preparation for departure from Olo’s platform. Olo CEO Noah Glass said Wingstop was employing “the …
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Shares of restaurant software company (NYSE:OLO) fell 12.5% in the morning session after the company reported its third-quarter results, and it was mostly choppy waters. Olo revised downward its guidance for the addition of new locations on its platform, signaling a slower pace of business expansion. The company now anticipates adding approximately 4,000 to 5,000 …
Wingstop plans to stop using online ordering technology from Olo next year and instead switch to an in-house system it has been developing for three years. The move is a big step for Wingstop and a potential problem for Olo. The tech provider’s stock was down nearly 25% Tuesday morning, even though executives said Wingstop’s …
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