Despite Amsterdam-based Just Eat Takeaway.com’s hopeful acquisition of Grubhub in June, many investors are beginning to think that the transaction may have been a mistake. This past week, The Wall Street Journal covered an earnings report released by Just Eat Takeaway.com, which revealed that orders increased by 14% globally in Q4 of 2021 compared to […]
Driverless tech company Motional has announced that it’s teaming up with delivery giant Uber to launch an autonomous (aka driverless) delivery pilot in Santa Monica, California. How will it work? The pilot program, set to launch in 2022, will transport meal kits from a select few restaurants on the Uber Eats app with one of […]
The Federal Trade Commission (FTC) has announced that it’ll start to give tips to thousands of Amazon’s delivery drivers, which is something that Amazon has neglected to do. More specifically, the FTC will be paying workers about $60 million worth of withheld tips as the result of a settlement from earlier this year. Amazon Flex […]
Food delivery apps, including Grubhub, DoorDash Inc. and Uber Eats will face a permanent cap on the commissions they can charge restaurants under legislation approved by the New York City Council on Thursday, causing shares of the delivery services to fall. Initially, the cap was passed during COVID-19 as an emergency order to help struggling […]
Due to a glitch in the DoorDash app, drivers on the platform are making more money in an effort they’re calling #DeclineNow, where they decline low-paying orders to drive up their average pay per order, according to a Vice report. The movement has garnered thousands of individuals in support, with an almost 30,000 member private […]
With the stock market having more eyes on it than ever before as a result of Gamestop and AMC stocks soaring to disrupt the market, more people want their hands in the action. Reddit, TikTok, and other social media platforms are largely responsible for an increased awareness of the market, short-sellers, hedge funds, and other […]