Doordash commissions

DoorDash posts mixed earnings, acquires Wolt for $8.1B

DoorDash reports mixed earnings, stock jumps post market on news of Wolt acquisition

In its first earnings statement as a public company, issued on Feb. 25, DoorDash disappointed despite setting quarterly records for total orders, adjusted earnings before interest, taxes, depreciation and amortization, and market share. Investors instead fixated on the company’s doubling of its quarterly loss over Q4 2019.

Since then, DoorDash (NYSE: DASH) has ridden pandemic tailwinds to a pair of productive quarters in 2021, turning in strong earnings across the board in Q1 and a sequential...

https://www.freightwaves.com/news/doordash-posts-mixed-earnings-acquires-wolt-for-8-1b

Food delivery companies sue NYC over commission caps

Uber Eats, DoorDash and Grubhub are suing New York City over its commission caps for food delivery apps

DoorDash, Grubhub and Uber Eats provider Uber Technologies are suing New York City over its recent measure that capped the commission that the apps could charge restaurants at 15%, a figure that was previously as high as 30%. It’s the latest legal action in a yearslong clash between America’s three largest food delivery companies and state and local legislators.

The companies are seeking an injunction that would stop New York City from enforcing the new law, as well as unspecified monetary...

https://www.freightwaves.com/news/food-delivery-companies-sue-nyc-over-commission-caps

DoorDash adjusts pricing scheme, lowering some costs for restaurants

DoorDash lowers commissions for restaurants

Following weeks of criticism over its pricing, DoorDash (NYSE: DASH) has announced a new fee structure for restaurants using the service.

The delivery service will roll out three price points in its Partnerships Plans, starting with a 15% commission option. Pickup commission costs will be lowered to 6% and its Storefront online ordering platform will become free for all restaurants, with fees charged for payment processing only.

“There is a massive, increasingly digital opportunity for small...

https://s29755.pcdn.co/news/doordash-adjusts-pricing-scheme-lowering-some-costs-for-restaurants