DoorDash Shares Deliver 78% Pop in Market Debut
At the opening price, Wall Street valued DoorDash at $69 billion — more than Chipotle, Domino’s Pizza, and Dunkin’ Brands combined.
DoorDash Heads to IPO With Pandemic Sales Surge
The No. 1 food-delivery service's revenue more than tripled in the first nine months of 2019 though it warned the pandemic-fueled spurt may not last.
Uber Buys Postmates in Food Delivery Bet
The $2.65 billion deal will expand Uber's delivery business as its core ride-sharing service sees "massive headwinds" due to COVID-19.
Grubhub to Merge with Just Eat Takeaway
The deal comes as talks with Uber fell through over concerns about antitrust approval.
Postmates Closes in Mexico to Focus on U.S.
The food-delivery startup is also laying off employees in the U.S. as it regroups after shelving an initial public offering.
Grubhub Shares Tank on Reduced Q4 Outlook
“The easy wins in the [food-delivery] market are disappearing a little more quickly than we thought,” the company said.
Domino’s Misses on Earnings, Launches Buyback
The pizza-delivery giant has been repurchasing shares as sales growth has slowed amid competition from third-party apps.
Uber Revs Up for Long-Awaited, $10 Billion IPO
The offering prospectus “renewed questions about how sustainable Uber’s business actually is," showing core revenue growth slowed to 39% last year.
Postmates to Join Parade of Unicorn IPOs
The pioneering food delivery service faces competition from Grubhub, UberEats, and DoorDash in what has become an "extremely overcrowded" market.