Food delivery platforms have reportedly seen more than $20 billion in losses since going public. As the Financial Times (FT) reported Wednesday (May 29), shares in the four biggest, publicly-traded U.S./European delivery apps — DoorDash, Delivery Hero, Just Eat Takeaway and Deliveroo — are trading...
With rising price pressures worldwide, aggregators are seeing consumers cut back. United Kingdom-based food delivery aggregator Deliveroo shared in its first quarter financial report Thursday (April 20) that orders fell by 7 million year over year, down to 72 million from 79 million. Additionally, average monthly consumers fell by...
Just Eat Takeaway.com’s declining orders suggest consumers are making more conservative choices about food spending. The multinational restaurant delivery aggregator saw orders fall by 14% year over year in the first quarter of 2023, from 263 million to 228 million, the company reported in a presentation shared with...
Aiming to gain greater control over the digital restaurant market, Uber is rethinking ghost kitchens. The company announced Tuesday (March 28) the launch of its Certified Virtual Restaurant Program, through which Uber Eats takes a more central role in creating and controlling virtual brands on...
June 23, 2024
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 irate customers, a drop in restaurant orders, and a dearth of drivers. According to the report, lawmakers in New York City, which also passed a […]
May 29, 2024
Food delivery platforms have reportedly seen more than $20 billion in losses since going public. As the Financial Times (FT) reported Wednesday (May 29), shares in the four biggest, publicly-traded...
