Page 7 - Tom Dotan News Today

The company has two million fewer subscribers than its smaller competitor DoorDash. It raises questions about CEO Dara Khosrowshahi's ability to see through important new initiatives.

Uber insiders say infighting and the CEO's leadership delayed a subscription service, which continues to lag behind competitors.

Rideshare drivers have left due to high gas prices and better gig work for smaller apps. Uber and Lyft's temporary bonuses might not lure them back.

The market for grocery delivery is tightening up and losses are mounting. Competitor Getir is losing upwards of $60 million a month.

The company is giving staff equity that vests a lot quicker. It's a bid to address a plunging stock price and remain more competitive.

Tony Xu said in an internal meeting that DoorDash only plans to expand headcount by 10-15% this year. That's a significant drop from last year.

DoorDash's stock is down by more than half since its peak last fall. That's hammered the value of employees' equity compensation.

Gopuff cut driver shifts in California a week after company layoffs amid headwinds in the ultrafast delivery space.

Gopuff's founders told employees in an email on Thursday that it was laying off 3% of its total workforce in a bid to get the company more profitable.

Sudshare uses contract workers who pick up, clean and drop off peoples' laundry. It says it's profitable and works with 75,000 individual cleaners.