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 […]

Postmates Expands to 1,000 More Cities As IPO Looms

Postmates is betting on more people wanting food delivered to their doorsteps. The delivery company announced on Tuesday that it has added 1,000 more cities to its service, bringing the total number of cities in its universe to 3,500 across 50 states. With the expansion, Postmates says it’s available to more than 70% of U.S. […]

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 […]