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Cooking up a deal: DoorDash's Europe push is fraught with challengesDoorDash is making a significant push into Europe with the $3.9 billion acquisition of Deliveroo, expanding its reach to 40 countries. Mean...- NYC minimum wage for delivery drivers upheld by appeals courtThe Manhattan-based Appellate Division, First Department on Thursday denied appeals by Uber, DoorDash Inc and Grubhub Inc after a state jud...
- Uber, DoorDash lose bid to block NYC minimum wage for delivery workersUber, DoorDash, Grubhub Inc and food delivery service Relay Delivery Inc claim the law will force them to shrink service areas to absorb th...
- Uber, DoorDash sue New York City over minimum wage lawThe companies filed separate complaints in New York state court claiming the law, which takes effect next week, is based on a misunderstand...
- Amazon sees resilient consumer demand as shares jump 13%Shares of the world's largest online retailer rose 13% in trading after the bell, extending its market valuation by more than $150 billion.
- Wall Street ends up as investors absorb Fed minutesThe 0.75 percentage-point rate increase which came out of the meeting was the first of that size since 1994. According to the minutes, part...
- Wall Street retreats ahead of Fed minutesAt 10:18 a.m. ET, the Dow Jones Industrial Average was down 55.94 points, or 0.18%, at 30,911.88, the S&P 500 was down 8.18 points, or 0.21...
- DoorDash sues New York City over customer data law, second lawsuit in weekThe lawsuit was filed in federal court in Manhattan six days after DoorDash, Grubhub Inc and Uber Eats sued the United States' most populou...
- Uber Eats, DoorDash, Grubhub sue New York City over legislation on commission capsThe New York City Council approved in August a legislation which limits the amount that food-delivery companies can charge restaurants to u...
- Uber, Postmates agree on $2.65 billion all-stock dealLast week, it was reported that Postmates had revived plans for an initial public offering following dealmaking in the U.S. online food del...
- New product, new business: Uber to sell softwareUber’s effort to re-purpose its software for others to use has been years in the making. Although the first deal is small, it could be the ...
- Uber sees grocery delivery sparking its next wave of growthGrocery delivery is an area that has seen rapid growth following the Covid-19 outbreak.
- European stock rally takes step back as tech, healthcare dragThe pan-European STOXX 600 declined 0.4%, as investors moved out of expensive names, while bidding up laggards such as banking, auto and oi...
- Uber’s job cuts, office closures reflect narrower ambitionsUber, which for years burned cash in exchange for user growth, had also faced challenges even before coronavirus hit. Its food delivery ope...
- Uber’s CEO, a seasoned dealmaker, pursues his biggest one yetIn the negotiations, Grubhub had been seeking a ratio of 2.15 Uber shares for each one of Grubhub’s, a person familiar with the talks said....
- The sharing economy faces the abyss in a pandemicUber told investors this month that it expected to close out the year with between $4 billion and $6 billion in cash. That’s a lot of money...
- Here's why so many tech startups misbehaveThere may be any number of reasons these companies might engage in such shoddy behavior, but the most obvious one seems to be that their bu...
- Other people’s money was the tech innovation of the decadeIn a feedback loop, once technology changes started seeping into more corners of life and business, investors were motivated to hunt for mo...
- Uber puts the brakes on growth at any costUber is in a tricky position. Its potential ceiling is much higher than Lyft’s because Uber has spread its tentacles into many parts of the...
- What does Uber love more: Restaurants or investors?The company has an edge over most other players, given how well capitalized it is. If it comes down to a price war to retain eateries, driv...
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