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Share: Food delivery was a rare place of major activity in a year shaped by the global pandemic, with stay-in-place orders helping fuel demand for at-home dining. Consolidation has been a major trend among these companies in an effort to capture additional market share and serve more geographies. With their latest earnings reports, Uber Technologies Inc (NYSE: UBER) and GrubHub Inc (NYSE: GRUB) showed that food deliveries are still going strong despite eased restrictions. This week, DoorDash...

Traditional valuation metrics indicate that home rental pioneer Airbnb (NASDAQ:ABNB) is a vastly overpriced stock with an unfavorable risk/reward profile. At about 17 times estimated revenue for this year, Airbnb isnt going to land on many value investors desks. The picture doesnt improve when the stock is stacked up against rivals in the online travel booking space, such as VRBO owner Expedia, which is trading at less than four times expected sales. For many, the valuation story ends there, ...

Millennials (those between the age of 25 to 40) overtook baby boomers as Americas largest generation two years ago. This core adult cohort spent $1.4 trillion worldwide last year, and they are some of the biggest supporters of the growth of tech platforms that have upended entire industries. Millennials usage of social networks disrupted traditional advertising platforms, their love for streaming media services accelerated the death of cable TV, and their desire for commission-free stock trades...

istock When Willy Solis, an Uber Eats driver from Denton, Texas, saw the companys $5.5 million commercial on Super Bowl night, he thought it was "kind of disgusting." The commercial, which featured Cardi B and "Waynes World" actors Mike Myers and Dana Carvey, was part of the companys "eat local" campaign, which it created to help restaurants struggling amid the pandemic. "Uber is positioning itself as an advocate for local restaurants when it is taking their money," Solis said. "If Uber really ...

Share: This is an excerpt from Tuesdays (3/9) Point of Sale retail supply chain newsletter sponsored by ArcBest. Instacart had a crazy year. Capped off by last weeks funding announcement of another $265 million at a valuation of $39 billion (more than 4x where it was to begin 2020), Instacart has seen every piece of its business explode over the past 12 months. By some accounts, the 8-year-old company now has roughly 50% of the online grocery market. With an IPO almost guaranteed this year, ...

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Could COVID vaccines kill food delivery service growth? The exploding market runs the risk of life returning to normal following the pandemic, putting pressure on companies to expand their portfolios 0 420 4 minutes read Companies like DoorDash and Uber Eats exploded during the pandemic as Americans ordered out for meals, but they face a more difficult path forward as COVID vaccines could reopen in-person dining. (Photo: DoorDash) While DoorDash (NYSE: DASH) reported new quarterly rec...

Uber is buying Drizly, Boston-based alcohol delivery app, for $1.1billion  Drizly operates in more than 1,400 cities across North America  More than 90 per cent of deal is through stock while remainder is cash    Drizly will continue operating as separate app while integrated with Uber Eats Uber has reorganized company in light of losses incurred during pandemic Profits from its ride-sharing business fell, though Uber Eats has seen profits soar Drizly, meanwhile, reported more than 330 per ...

Close icon Two crossed lines that form an X. It indicates a way to close an interaction, or dismiss a notification. Instacart is headquartered in San Francisco, California Instacart This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Instacart just raised an additional $265 million from existing investors, bringing its valuation to $39 billion. The comp...

What did we actually use our smartphones for last year?