Uber Eats Gains Momentum as Ride-Hailing Growth Slows

Uber’s food delivery service, Uber Eats, is gaining momentum as the ride-hailing giant bleeds cash after its initial public offering earlier this year. The company said on Thursday that it had lost $1 billion in the first quarter, while growth in its ride-hailing business continued to slow. But in food delivery, Uber’s growth has accelerated […]

Uber Eats Its Way to New Revenues Amid Post-IPO Profitability Concerns

Investor sentiment in Uber is rapidly sinking. Since last week’s initial public offering, the company’s stock has nosedived, dropping from the initial price of $45 per share last Thursday to $38 on Tuesday. One reason for the poor stock performance, according to analysts, is an unclear path to profitability. But ride-hailing aside, there may be […]

DoorDash Has Pulled Ahead of GrubHub, Uber Eats in the On-Demand Food Delivery Race

DoorDash is now the top on-demand food delivery service after knocking off legacy leader GrubHub in consumer spending market share, according to data released on Monday by third-party research firm Edison Trends. When it comes to dollars spent, DoorDash owns 27.6 percent of the market followed by GrubHub, which has steadily lost ground and accounts […]