Food Delivery

China's Meituan (OTC:MPNGY) and JD.com (NASDAQ:JD) have experienced a major selloff, triggered by the battle to win the food delivery war in the country, resulting in the loss of over $100 billion combined in market value since late 2024. What Happened: Meituan and JD.com's Hong Kong-listed shares...

In a move to bolster its international footprint, DoorDash Inc. (NYSE:DASH) is on the brink of acquiring UK-based food delivery firm Deliveroo in a deal valued at $3.9 billion. What Happened: Deliveroo has given its nod to a takeover bid from DoorDash. The deal pegs...

In a strategic move, Alibaba Group Holding (NYSE:BABA) has advanced the rollout of its rapid-delivery service, Taobao Instant Commerce. This accelerates the rivalry with JD.com (NASDAQ:JD)and Meituan (OTC: MPNGY). What Happened: The service, initially slated for a May 6...

Uber Technologies Inc. (NYSE:UBER) announced that it will terminate its deal to acquire Delivery Hero’s Foodpanda in Taiwan after facing regulatory challenges. Here’s what Benzinga’s proprietary edge rankings show about the stock. What Happened: Uber signed the $950 million deal...

As DoorDash Inc.‘s (NASDAQ:DASH) user base exploded to 42 million monthly active users with order frequency at an all-time high, its grocery and retail vertical saw stellar growth along with the aforementioned metrics in the fourth quarter. What Happened: DoorDash’s customers were...

Instacart parent company Maplebear Inc (NASDAQ:CART) received an upgrade to Buy while also getting added to Needham’s conviction list on Monday as analysts expressed concern over increasing competition. What Happened: Needham analyst Bernie McTernan upgraded Maplebear from a Hold rating to a...

Taiwan’s Fair Trade Commission (FTC) has reportedly blocked Uber Technologies, Inc. (NYSE:UBER) $950 million acquisition of Delivery Hero’s Foodpanda business due to anti-competitive concerns. The merger, which was initially announced in May 2023, would have significantly increased Uber...

Former DoorDash Inc (NASDAQ:DASH) delivery workers are claiming they haven't been paid thousands of dollars in wages from past years and are seeking protection from deportation after Donald Trump's recent win in the 2024 election. What Happened: A group of 95 delivery workers claim they were not...

Leading mattress company Mattress Firm partnered with DoorDash Inc (NASDAQ:DASH) to help deliver "better sleep to college students" and add to the number of items you can now get from many food delivery companies. What Happened: DoorDash is best known as a food delivery company, which partners with...

DoorDash Inc. (NYSE:DASH) reportedly expressed interest in acquiring British food delivery company Deliveroo Plc. (OTC:DROOF), but discussions stalled due to valuation disagreements. What Happened: DoorDash, a major player in the U.S. food delivery industry, initiated talks with Deliveroo last...

Each week, Benzinga's Stock Whisper Index uses a combination of proprietary data and pattern recognition to showcase five stocks just under the surface and warrant attention. Investors are constantly on the hunt for undervalued, under-followed and emerging stocks. With countless...

Leading publicly listed online food delivery companies in the U.S. and Europe have collectively accumulated over $20 billion in operating losses. The firms are facing a challenging economic environment, and their stock prices have been affected. What Happened: Despite fierce competition for market...

In a groundbreaking move, Alphabet (NASDAQ:GOOGL) (NASDAQ:GOOG) Waymo’s self-driving cars have started delivering UberEats by Uber (NYSE:UBER) orders in the Phoenix metropolitan area. This marks the first time autonomous vehicles have been used in the partnership between Waymo and Uber. What...

DoorDash Inc (NASDAQ: DASH) recently launched AI-powered feature SafeChat+ to combat chat abuse and harassment. Although delivery could be less "sticky" than mobility, especially amid a macro downturn, the execution by the company’s management has been “impressive,...

DoorDash Inc (NASDAQ:DASH) shares are trading higher on Tuesday. The company announced the launch of SafeChat+, a new feature to help combat chat abuse and harassment. If SafeChat+ identifies inappropriate or abusive chats between Dashers and consumers, Dashers can promptly cancel orders without...