Uber Posts Huge Loss, Cramer Recommends Selling Eats to Grub
A new week has brought yet another major financial blow to the third-party delivery landscape with Uber posting a $1.2 billion loss during the third quarter on the heels of the mobility giant’s epic $5.2 billion loss during the second quarter. Its stock price fell...
DoorDash Completes Caviar Transaction, Has Consolidation Begun?
The first day of November marked the completion of DoorDash’s acquisition of Caviar, the largest in the spate of DoorDash acquisitions the company took on last year. DoorDash and Square, which previously owned Caviar, first announced the $410 million deal in August of...![Grubhub: [Trust Us,] We’re Going to Make a lot of $$ Next Year](https://foodondemand.com/wp-content/uploads/2019/10/Grubhub-Logo.png){kind=logo}
Grubhub: [Trust Us,] We’re Going to Make a lot of $$ Next Year
Grubhub CEO Matt Maloney and President Adam DeWitt were clear the company’s third-quarter financial results were a disappointment—putting it lightly—but the execs of the one-time top U.S. delivery brand kept returning to the mantra that nobody should focus too much on...
Fountain Nabs $23 Million Series B to Keep Hiring Fast
The world of food delivery gets a lot of attention for being a flexible way for people to find work without much effort. It might seem to most people that a potential driver just signs up and starts driving, but there is still a lot of recruitment happening for the...
Pressure Builds Before Grub’s Quarterly Results
In the wake of WeWork’s near implosion and fresh memories of Uber’s $5.2 billion quarterly loss earlier this year, a range of business pubs are claiming that the era of growth-before-profits companies is coming to an end, including third-party restaurant delivery...
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.
