GrubHub

On the menu for Grubhub? A new chief executive

Food delivery platform Grubhub has now experienced two major leadership changes in less than two years.

The U.S. arm of Just Eat Takeaway (OTCUS: JTKWY) announced on Monday that CEO Adam DeWitt, an 11-year veteran of the company, will step down. He will be replaced by Howard Migdal, who heads Grubhub’s Canadian counterpart SkipTheDishes.

The shakeup comes just 21 months after DeWitt replaced former chief executive Matt Maloney in June 2021. He’ll remain with the company until May 1 before Migdal...

https://www.freightwaves.com/news/on-the-menu-for-grubhub-a-new-chief-executive

Uber reaches multimillion-dollar settlement with city of Chicago

Having previously taken aim at DoorDash and Grubhub, but to no avail, the city of Chicago finally got a win this week.

On Monday, the Office of the Mayor of Chicago announced the city had reached a massive settlement with Uber (NYSE: UBER) platforms Uber Eats and Postmates. Uber will pay out a total of about $10 million, which includes around $3.3 million the company repaid merchants in 2021.

Lawmakers accused the food delivery platform of charging restaurants excessive fees during the pandemic...

https://www.freightwaves.com/news/uber-reaches-multimillion-dollar-settlement-with-city-of-chicago

NYC proposes $24 minimum wage for app-based delivery drivers

A little over a year after the New York City Council approved a legislative package aimed at improving working conditions for app-based delivery drivers, city officials are following through on one of the legislation’s key provisions.

Uber Eats (NYSE: UBER), DoorDash (NYSE: DASH) and Grubhub (OCTUS: JTKWY) drivers in the Big Apple could earn a minimum wage of nearly $24 an hour by 2025 if the city approves a proposal passed down by the Department of Consumer and Worker Protection (DCWP) on...

https://www.freightwaves.com/news/nyc-proposes-24-minimum-wage-for-app-based-delivery-drivers

FTC to crack down on ‘unfair, deceptive’ gig company practices

FTC gig economy rideshare

The Federal Trade Commission is throwing down the gauntlet against gig companies like Uber, Lyft and DoorDash.

The FTC on Thursday released a policy statement that made clear the agency’s commitment to protect gig workers from “unfair, deceptive and anticompetitive practices.” While the statement does not have any legal power, it mentions a laundry list of practices that the FTC is looking to combat, including:

  • Misrepresentations of the flexibility of gig work
  • Diminished bargaining power
  • Reducing...

https://www.freightwaves.com/news/ftc-to-crack-down-on-unfair-deceptive-gig-company-practices

Amazon takes bite out of Grubhub, offers Prime members free perks

Grubhub food delivery bag

Amazon has acquired a 2% stake in Grubhub, the North America-based subsidiary of European food delivery giant Just Eat Takeaway, the Amsterdam-based company announced Wednesday. 

Shares of Just Eat (OCTUS: JTKWY) were trading up nearly 20% on the news Wednesday morning, while rival DoorDash’s stock (NYSE: DASH) was down about 10%.

Amazon’s (NASDAQ: AMZN) stake in Grubhub could rise to 13% if it can deliver a certain amount of new customers to the business, though the announcement did not specify...

https://www.freightwaves.com/news/amazon-takes-bite-out-of-grubhub-offers-prime-members-free-perks

Politicians demand answers from gig economy companies on driver safety

Sign for Uber and Lyft riders in airport

A group of U.S. senators and representatives from Massachusetts have written letters to the CEOs of Uber, Lyft, Instacart, DoorDash and Grubhub, demanding answers to questions regarding the health and safety of their app-based workers.

The letters, dated May 31, request answers to seven questions by June 21. Most of the questions focus on the health and safety of the workers, but the group also requested an answer to whether app-based delivery workers are required to sign an arbitration...

https://www.freightwaves.com/news/politicians-demand-answers-from-gig-economy-companies-on-driver-safety

Just Eat Takeaway could lose billions on Grubhub sale

Grubhub food delivery bag

Just Eat Takeaway is having a fire sale, and it could get burned in the process.

According to a report from the U.K.’s Sunday Times, the multinational food giant has slashed its asking price for Grubhub, which it acquired less than a year ago for $7.3 billion, by nearly $6 billion as it looks to attract a buyer. Just Eat Takeaway (OCTUS: JTKWY) has been considering selling the third-party food delivery app since April.

Multiple unnamed sources told The Times that Grubhub could sell for as little...

https://www.freightwaves.com/news/just-eat-takeaway-could-lose-billions-on-grubhub-sale

Uber Eats piloting on-demand grocery delivery

uber eats delivery driver

In the U.S. food delivery landscape, there’s been one big eater. DoorDash has dominated the category among third-party delivery apps, growing its market share among the big three food delivery platforms — Uber Eats, DoorDash and Grubhub — to a staggering 57%.

In the grocery delivery space, though, it’s anybody’s war to win.

Instacart has long reigned supreme in grocery. It’s held greater than a 60% share in the market for online grocery pickup and delivery spend since April 2020, according to...

https://www.freightwaves.com/news/uber-eats-piloting-on-demand-grocery-delivery

Instacart files for IPO, but should it?

Woman wearing Instacart shirt reaches for vegetables in a grocery store aisle.

Instacart said late Wednesday night that it had filed a Form S-1 with the Securities and Exchange Commission for a possible initial public offering.

According to Bloomberg, the delivery firm is working with Goldman Sachs and J.P. Morgan on the possible offering, which Instacart said is not a definitive choice as of yet.

An IPO was rumored last year, although there was some speculation that Instacart would forgo the traditional IPO route and go the direct listing route instead. In a direct...

https://www.freightwaves.com/news/grocery-delivery-firm-instacart-files-for-ipo

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