June 25, 2024
DoorDash and Deliveroo Acquisition Talks Ended on Valuation Disagreement
A potential combination of meal delivery companies Doordash and Deliveroo was reportedly discussed but rejected in May. Doordash approached Deliveroo about acquiring that company at that time, but talks between the two...
June 25, 2024
Walmart CFO: Current Quarter’s Comparable Sales Growth Will Be Weaker
Walmart’s sales in the current quarter won’t be as strong as they were in the previous quarter, Walmart Chief Financial Officer John Rainey reportedly said Tuesday (June 25). Speaking at...
June 25, 2024
DoorDash’s Takeover Interest in Deliveroo Ends Over Valuation Dispute
San Francisco-based DoorDash expressed interest in acquiring Britain’s Deliveroo last month, but talks have since stalled due to a disagreement over valuation, according to sources familiar with the matter who...
June 25, 2024
Aggregators’ Race to Capture Grocery Opportunity Heats Up
As same-day delivery aggregators continue to look for new everyday categories to drive usage, leading players in the space have been stepping up their grocery presence. Most recently, Grubhub announced...
June 25, 2024
DoorDash Teams With Forage to Expand SNAP/EBT Acceptance
DoorDash has teamed with Forage to expand SNAP/EBT acceptance on its delivery platform. DoorDash began supporting Supplemental Nutrition Assistance Program (SNAP) Electronic Benefits Transfer (EBT) payments in 2023, with more than 1.1 million...
June 24, 2024
Getir to Split Into 2 Companies in Restructuring
Turkish food delivery startup Getir will be divided into two companies as part of a restructuring that will bring in an investment of $250 million by Mubadala Investment Co. This...
June 24, 2024
Antitrust Lessons from Labor
Competition law encompasses both product markets and input markets: that is, it protects buyers but also sellers. Recently, antitrust in the United States has paid increased attention to workers as...
June 24, 2024
Why the Connected Economy Isn’t
The 2,000 members of the Marubo tribe were among the most disconnected people on Planet Earth. A people whose roots span many centuries, they live in a part of the...
June 23, 2024
Delivery Apps See Orders Drop After Wage Hikes
When gig workers in Seattle won higher wages, delivery apps like DoorDash hiked their fees. Now, The Wall Street Journal (WSJ) reported Saturday (June 22), those companies are dealing with...
