Drizly

DoorDash offering on-demand alcohol delivery to 100M customers worldwide

DoorDash to compete with Uber and Drizly by offering on-demand alcohol delivery

DoorDash wants to become the world’s bartender. In yet another expansion of its offerings, the massive delivery service provider announced Monday that it is now offering on-demand delivery of wine, beer and spirits via DoorDash Marketplace. The DoorDash app’s new Alcohol tab will deliver booze to more than 100 million customers in 20 U.S. states and the District of Columbia, Canada and Australia.

For more than a year now, DoorDash’s (NYSE: DASH) white-label fulfillment service DoorDash Drive has...

https://www.freightwaves.com/news/doordash-offering-on-demand-alcohol-delivery-to-100m-customers-worldwide

Uber stock rebounds after earnings, analysts maintain bullish outlook

Uber stock earnings delivery business growth

Uber stock was up about 2.5% in early trading on Thursday, just hours after a pullback following the company’s Q2 earnings release. Uber missed on analyst estimates for both revenue and EPS, due in part to driver shortages in its ride-hailing business, while rival Lyft reported a huge quarter — but analysts are still bullish on Uber’s prospects.

Analyst Ross Sandler of Barclays maintained an Overweight rating on the stock, anticipating a recovery in the company’s volume, take rate and...

https://www.freightwaves.com/news/uber-stock-rebounds-after-earnings-analysts-maintain-bullish-outlook

Uber to acquire remaining share of on-demand grocer Cornershop

Uber to acquire Cornershop

Uber Technologies (NYSE: UBER) is acquiring the remaining shares in Cornershop, an on-demand grocery delivery platform. According to a Securities and Exchange filing this past weekend, Uber will acquire the remaining 47% of the company it doesn’t already own.

Cornershop CEO Oskar Hjertonsson confirmed the news on Twitter Monday morning.

“When building your future with someone … at some point you gotta go all-in!” he tweeted.

1 When building your future with someone… at some point you gotta go...

https://www.freightwaves.com/news/uber-to-acquire-remaining-share-of-on-demand-grocer-cornershop

Eats, Delivery pushing Uber toward profitability

Uber’s (NYSE: UBER) earnings results, announced on Wednesday, offer a mixed bag of news. On the Rides side, business continues to struggle to escape from the COVID-19 pandemic, but the remainder of the business is showing signs of strength. That led to CEO Dara Khosrowshahi declaring on CNBC Thursday morning that profitability is within sight, perhaps by the end of 2021.

KeyBanc and Cowen both raised their price targets for the company, with KeyBanc maintaining an overweight rating and raising...

https://www.freightwaves.com/news/eats-delivery-pushing-uber-toward-profitability

Spiking sales draw Uber into on-demand alcohol business

Uber to buy on-demand alcohol provider Drizly

COVID-19 nearly crushed the restaurant and liquor industries. Stay-at-home orders and in-store customer limit restrictions were like taking a knife to butter – they instantly and drastically sliced away profits. Many restaurants tried to survive by turning to takeout.

Liquor stores felt the squeeze as well, with fewer people leaving their homes raising concern about lower sales. For liquor retailers, the answer was online sales. According to IWSR Drinks Market Analysis, global beverage alcohol...

https://www.freightwaves.com/news/spiking-sales-draw-uber-into-on-demand-alcohol-business

Have trucking stocks peaked — Great Quarter, Guys

Great Quarter Guys 11/17

Some stocks are already maxed for the year

2020 ended with a hot market that has not cooled off yet this year, and trucking stocks have capitalized on that momentum. On this episode of Great Quarter, Guys, Andrew Cox and Seth Holm discuss if those stocks have hit peaks and how the stocks rose in the first place. 

Before they break it down, it’s time for your weekly “you care or nah?” segment. 

First up, Uber has announced its acquisition of alcohol delivery service Drizly. While Holm doesn’t care,...

https://www.freightwaves.com/news/have-trucking-stocks-peaked-great-quarter-guys

News Alert: Uber acquires on-demand alcohol marketplace Drizly

Uber Technologies Inc. (NYSE: UBER) is expanding its scope with the acquisition of Drizly, an on-demand alcohol marketplace.

Uber will pay approximately $1.1 billion in stock and cash, the company announced Tuesday. Uber said Drizly’s marketplace will be integrated with the Uber Eats app. The current Drizly app will be maintained as a separate entity.

Drizly works with local merchants to deliver beer, wine and spirits on demand in more than 1,400 cities across the country.

“Wherever you want to go...

https://www.freightwaves.com/news/news-alert-uber-acquires-on-demand-alcohol-marketplace-drizly