DoorDash

The third-party food delivery business still has room for near-20% growth over the next few years, driven by a few big players, Morgan Stanley said Tuesday. But more rational pricing is needed, and some consolidation may be coming, analyst Brian Nowak said in a look at the burgeoning...

A rough year for GrubHub Inc (NYSE: GRUB) investors got even worse on Tuesday when the stock dropped more than 43% following its third-quarter earnings report. While GrubHub bulls got hammered, short sellers pocketed more than half a billion dollars. Big Day For Shorts GrubHub shorts more than...

The biggest names in the gig economy are seeking to put a ballot proposal before California voters in an effort to overturn a new state law that limits the firms' ability to use independent contractor drivers. Uber Technologies Inc (NYSE: UBER), Lyft Inc (NASDAQ: LYFT) and DoorDash filed paperwork...

Four Silicon Valley giants that depend upon the gig economy to run their business have teamed up together to launch a statewide campaign against California’s AB 5 law. What Happened A union of businesses — including Uber Technologies Inc (NYSE: UBER), Lyft Inc (NASDAQ: LYFT), DoorDash...

DoorDash has opened its first shared pick-up and delivery kitchen in Redwood City, California.  Instead of providing square footage for dine-in customers, five restaurant operations will use the kitchen solely to prepare food for delivery through DoorDash's app. The four restaurants participating...

Doordash CEO Tony XU  Doordash's newest acquisition hints at its steer away from human drivers.  Scotty Labs is a three-year-old Silicon Valley company whose core value states "autonomy and remote assistance will be the future of logistics." On August 20th, CEO Tobenna Arodiogbu announced the...

Square Inc (NYSE: SQ) took a huge 15% hit on Friday after the company reported lackluster second-quarter numbers and issued disappointing guidance. Square reported second-quarter gross payment volume of $26.8 billion, slightly missing consensus analyst expectations of $26.9 billion. In addition,...

Domino's Pizza, Inc. (NYSE: DPZ) reported disappointing second-quarter metrics, including a miss on same-store sales. The reason? A surge in third-party delivery options that service restaurants. What Happened Delivery apps like UberEats are "creating some turbulence" in the food...

Food delivery company DoorDash said late today that it raised $400 million in Series F financing from a group co-led by investors Temasek and Dragoneer Investment Group. Existing investors Softbank Vision Fund, DST Global, Coatue Management, GIC, Sequoia Capital, and Y Combinator also participated...

In a report published Monday, Cowen And Company analyst Kevin Kopelman discussed Uber’s next major initiative (dubbed UberEATS) and what it means for other food delivery services. Kopelman pointed out that in major cities (such as New York, Los Angeles, Barcelona), the “UBER”...