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How A Sandwich Craving Birthed A $410M Food Delivery Giant
Thursday, October 12, 2023 - 9:09am | 495Shawn Tsao initially envisioned a career in architecture, but his path took a dramatic turn when he and his close friends from the University of California, Berkeley, ventured into the food industry. Their first attempt was a daily deals app, but it didn't resonate. However, a pivotal...
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After Caviar, Square Is Set To Refocus On What They Do Best
Friday, December 13, 2019 - 1:03pm | 828Square Inc (NYSE: SQ) announced on Oct. 31 they would sell Caviar, the food delivery startup they bought in 2014 for a reported $90 million, to DoorDash for $410 million in cash and preferred DoorDash stock. The acquisition seemed like a good buy at the time. In 2014, many consumers were excited...
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Wall Street Weighs In On Square Earnings, Cash App And More
Thursday, November 7, 2019 - 11:11am | 780Square Inc (NYSE: SQ) traded higher on Thursday after the company topped third-quarter EPS and revenue estimates and raised its full-year revenue and EPS guidance. The new EPS guidance range for the fourth quarter came up short of consensus analyst estimates. In addition to reporting earnings...
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Square Introduces Point-Of-Sale Solution For Restaurants
Tuesday, May 8, 2018 - 4:33pm | 355Square, Inc. (NYSE: SQ) announced a point-of-sale solution Tuesday that's designed for full-service restaurants. What Happened The software, Square for Restaurants, is a fully integrated point-of-sale system geared toward restaurants, bars and lounges, according to Square. ...
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Square Continues To Prove Itself, One Quarter At A Time
Thursday, May 4, 2017 - 2:04pm | 333Square Inc (NYSE: SQ) is nearing all-time highs following a strong first quarter that saw the company beat already high expectations. Quarterly Print, In Review The company reported several strong metrics in the quarter, including a 39-percent increase in revenue year-over-year and subscription...
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Online Food Delivery: Amid Fierce Competition, Grubhub Remains No. 1 For Now
Tuesday, December 13, 2016 - 5:03pm | 375With increasing competition and growth in the online food delivery space, GrubHub Inc (NYSE: GRUB) is still the brand leader, according to Loop Capital. Grubhub has a 40 percent market share, aided by its brand recognition, despite Uber’s entrance into the market with UberEATS, which...
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Get To Know UberEATS
Monday, August 17, 2015 - 1:25pm | 409In 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”...
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5 Companies That Own (Or Will Own) The Food Delivery Space
Tuesday, July 15, 2014 - 2:38pm | 1023Food delivery is no longer limited to pizza and Chinese takeout. New startups are making it possible to order in from a greater variety of restaurants than ever before. It started with GrubHub (NYSE: GRUB), which helped consumers find and order food from restaurants that deliver. Now a plethora...