Serve Robotics Stock Surges Amid Investments
Serve Robotics has been gaining attention as of late. Its stock surged last Thursday to 187 percent after Nvidia, an AI chip manufacturer, took a 10 percent stake in the company. That’s according to a filing with the Securities and Exchange Commission. Nvidia’s...
Delivery Hero Prepares To Write a Lot of Zeros
German company Delivery Hero (DH), which operates in more than 70 countries and partners with around a half-million restaurants, may face a fine of nearly a half-billion dollars from the European Commission (EC) for alleged antitrust violations connected to its...
Danny Meyer, Amir Hudda on Qu’s EHI Investment
For Qu CEO Amir Hudda, the recent funding announcement from Danny Meyer’s Enlightened Hospitality Investments is transformative, and brings a credibility factor to the point-of-sale player that’s about “something more than capital.” “Having somebody like Danny Meyer...
Around the Restaurant Industry at RFDC
Stagnant foot traffic, an uneven post-COVID recovery, the rise of automation, and a broad-based consumer drive for experiences over things were the key themes at this year’s Restaurant Finance & Development Conference in Las Vegas. Produced by Food On Demand...
Uber’s Revenue Up 11 Percent as Delivery, New Verticals Rise
While Uber slightly missed analyst expectations for its third-quarter 2023 financial results, the delivery, freight and rideshare provider posted growth in active users and gross bookings, boosting its share price from the low 40’s to approximately $50/share. ...
Outstanding Operators
Food On Demand Outstanding Operators features restaurant brands with innovative operations that are taking creative paths to success with delivery and all things off-premises.