In the wake of WeWork’s near implosion and fresh memories of Uber’s $5.2 billion quarterly loss earlier this year, a range of business pubs are claiming that the era of growth-before-profits companies is coming to an end, including third-party restaurant delivery...
Cowen, a New York analyst firm that closely follows Grubhub, slightly downgraded its price target for the Chicago-based delivery giant. Following the company’s revised 2019 guidance, the firm lowered its price target from $91 to $86, affirming that it still expects...
A couple weeks after acquiring Caviar, DoorDash made another acquisition. This time the fast-growth delivery company acquired automation and remote-driving startup, Scotty Labs. Don’t fret if the company’s name doesn’t ring a bell. The young startup was founded in...
There are a lot of players in the fast-growing delivery software integrator space, and almost all of them are growing quickly. California-based Omnivore is sprinting in lockstep, having tripled the size of the company in the last 12 months. It is forecasting another...
Waitr, a Louisiana-based third-party delivery provider that focuses on smaller markets, has struggled mightily since acquiring Minnesota-based Bite Squad in January. In the seven months since that deal was big news in the delivery space, Waitr’s share price has...
Postmates is set to join Uber, Grubhub and Waitr in the public markets. According to TechCrunch, the company will file its S-1, the key document to register securities on the public markets next month. Available details are sparse, but the company has partnered with...
