Uber, Just Eat CEOs trade Twitter barbs following Uber Eats German entrance

Uber Eats (NYSE: UBER) will enter the German market in the next few weeks, going head-to-head with Just Eat Takeway.com in that country for the first time. The CEOs of both firms are now trading barbs on Twitter.

The news was first reported by the Financial Times.

“Europe in particular has been a bright spot for [Eats], both in terms of some of the growth we’ve seen, but also, frankly, in terms of the strengthening of our market position,” Pierre-Dimitri Gore-Coty, Uber’s senior vice president of...

https://s29755.pcdn.co/news/uber-just-eat-ceos-trade-twitter-barbs-following-uber-eats-german-entrance

DoorDash: Added fees are necessary to ensure service, pay Dashers

DoorDash adds new fees as municipalities cap charges

DoorDash (NYSE: DASH) has been accused of tacking on additional fees to service bills in some communities after at least 68 cities and towns have enacted laws that capped what the delivery service could charge local restaurants.

Those fees, DoorDash said, are necessary to ensure continued service for restaurants and payment for Dashers.

According to an NBC News report, DoorDash responded by adding new fees in 57 of the communities where the laws were passed. The NBC News report accelerated a...

https://s29755.pcdn.co/news/doordash-added-fees-are-necessary-to-ensure-service-pay-dashers

In first earnings as public company, DoorDash beats revenue forecasts

In its first official earnings announcement since it went public in December, DoorDash (NYSE: DASH) reported new quarterly records for total orders, adjusted earnings before interest, taxes, depreciation and amortization (EBITDA), and market share. But its quarterly loss more than doubled over Q4 2019.

The food delivery company reported 226% growth in revenue to $970 million in Q4 over 2019’s Q4 results, and 233% growth year-over-year in total orders to $273 million. Its Marketplace gross order...

https://s29755.pcdn.co/news/doordash-releases-q4-earnings