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'Only Reasonable Profits:' JD.com Takes Aim At Global Food Delivery Economics With Zero-Commission Model—Revives Founder's '$0.35 Principle'
Wednesday, May 14, 2025 - 5:14am | 634Chinese e-commerce company, JD.com Inc. (NASDAQ:JD) is shaking up China’s food delivery market with its bold zero-commission model, while taking aim at the global meal delivery scene as well. What Happened: During its first quarter earnings call on Tuesday, JD.com’s CEO, Sandy Xu said...
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Grubhub Ordered To Pay $25 Million In Settlement Over Deceptive Practices: 'No Gig Platform Exemption To The Laws,' Says FTC Chair Lina Khan
Wednesday, December 18, 2024 - 2:30am | 481Food delivery platform Grubhub must pay $25 million and make substantial operational changes following a settlement with the Federal Trade Commission and Illinois Attorney General Kwame Raoul over allegations of deceptive business practices, officials announced Tuesday. What Happened: The...
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Amazon Boosts Prime Benefits With Grubhub Partnership, Takes Aim At Walmart
Thursday, May 30, 2024 - 10:07am | 444Amazon.Com, Inc (NASDAQ:AMZN) now offers Prime members free Grubhub subscriptions, enhancing its $139-a-year loyalty program. Previously, Prime members received a yearlong Grubhub subscription with free delivery on orders over $12. This new deal makes Grubhub a permanent Prime benefit, allowing non...
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Is Uber Stock Pricing In Operational GAAP Profitability Soon?
Wednesday, May 17, 2023 - 10:16am | 845The sentiment for Uber Technologies Inc. (NASDAQ: UBER) is positive more than ever as the company continues to break records in its quest to reach operational GAAP profitability. The robust travel demand has been a boon for Uber, just like for airline stocks like United Airlines Holdings Inc. (NYSE...
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Fighting Inflation From Your Home: 10 Side Hustle Ideas To Keep Your Purchasing Power Intact
Friday, March 24, 2023 - 3:59pm | 1532With inflation looking like it will last through the year and big companies making job cuts, many Americans are considering additional ways to complement their income in order to avoid making spending cuts or being able to afford some extra luxuries. How to do this? Enter side hustles: jobs...
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Amazon Q2 Earnings Highlights: Revenue Beat, Loss On Rivian Investment, Prime Day, Guidance And More
Thursday, July 28, 2022 - 4:28pm | 617E-commerce leader Amazon.com Inc (NASDAQ: AMZN) reported second-quarter financial results after the market close Thursday. Here are the key highlights for investors. What Happened: Amazon reported net sales of $121.2 billion in the second quarter, up 7% year-over-year. The total came in ahead...
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If You Invested $1,000 In Amazon When It Launched The First Prime Day, Here's How Much You'd Have Now
Tuesday, July 12, 2022 - 10:54am | 427Ecommerce leader Amazon.com Inc (NASDAQ: AMZN) has utilized its Prime subscription service over the years as a membership that comes with perks for consumers, including free two-day shipping. The company also launched a program in 2015 to provide extra savings to Prime members. Here’s a look...
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Amazon Prime Adds Food Delivery Incentive; What Industry Could Be Next?
Wednesday, July 6, 2022 - 4:19pm | 1009Ecommerce leader Amazon.com Inc (NASDAQ: AMZN) has used a series of acquisitions and partnerships to boost the offering of its Amazon Prime subscription service. Here’s a look at some of the benefits Prime subscribers get and what may be coming down the road. What Happened: Amazon announced a...
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DJ Khaled's Another Wing To Pop-Up In Miami On 4.20 In Partnership With LikeMeat, REEF Kitchens And Flowery
Monday, April 18, 2022 - 10:49am | 296DJ Khaled’s Another Wing unveiled LikeWings, new plant-based additions to its U.S. menu in partnership with LikeMeat, a LIVEKINDLY Collective brand. This collaboration marks LikeMeat’s first ghost kitchen partnership, and LikeWings are available for order starting today through the...
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Order Food Delivery With GrubHub To Earn Free Bitcoin: Here's The Details
Wednesday, December 1, 2021 - 7:02pm | 864A food delivery company is offering a new incentive to try to gain market share in the highly competitive market: free Bitcoin. What Happened: Bitcoin (CRYPTO: BTC) rewards company Lolli announced a partnership with food delivery company Grubhub, a unit of Just Eat Takeaway.com. NV - ADR (...
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NYC Legislation Establishes Minimum Payment Per Trip For Delivery Drivers
Friday, September 24, 2021 - 12:16pm | 1361New York City is quickly becoming one of the front lines in the battle for gig worker protections. In May 2020, the city enacted commission caps on third-party delivery services, limiting the amount they could charge partnering restaurants to 15% in an effort to help them weather the economic...
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Skip The Concession Lines At NFL Stadiums Thanks To GrubHub And This Other Company
Friday, September 24, 2021 - 10:16am | 555If you hate waiting in long lines at professional sports stadiums, Thursday’s news from the Washington Football Team might be music to your ears. What Happened: The Washington Football Team partnered with GrubHub, owned by Just Eat Takeaway.com NV-ADR (NASDAQ: GRUB), in a deal that...
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Who Orders $2,900 Worth Of Perfume On DoorDash? That And Other Fun Delivery Trends From 2021
Wednesday, July 7, 2021 - 1:02pm | 830As vaccines became readily available and Americans looked to return to office spaces, travel and entertainment, DoorDash (NYSE: DASH) reported a huge surge in orders of shampoo and conditioner. Once again, grooming became important. The delivery firm recently released results of its Deep Dish...
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The Food Delivery Business Won The Pandemic But Uncertainty Lies Ahead
Tuesday, May 11, 2021 - 10:28am | 1102Food delivery was a rare place of major activity in a year shaped by the global pandemic, with stay-in-place orders helping fuel demand for at-home dining. Consolidation has been a major trend among these companies in an effort to capture additional market share and serve more geographies. With...
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Uber Lays Off More Than 180 Postmates Employees, Including CEO Bastian Lehmann
Sunday, January 24, 2021 - 11:03am | 251Uber Technologies Inc (NYSE: UBER) on Thursday laid off roughly 185 people from its Postmates division, the New York Times has reported. What Happened: Uber bought Postmates last year for $2.65 billion. According to the New York Times, the layoffs affected most of the executive team at...