Wolt

Food delivery apps face EU crackdown: Are US companies next?

Companies like Uber, Lyft and DoorDash could feel the heat in the U.S. when EU lawmakers rule on gig worker classification this week

Third-party food delivery companies in Europe aren’t doing so hot. The European Commission, the executive branch of the EU, is scheduled to meet this week to propose what speculators believe will be stricter labor rules to regulate the gig economy in the region.

Specifically, ​​reports suggest that the commission will require gig companies to directly employ their couriers, rather than classify them as independent contractors. On the heels of that news, investors have soured on food delivery...

https://www.freightwaves.com/news/food-delivery-apps-face-eu-crackdown-are-us-companies-next

DoorDash adds flexible fulfillment, partners with Dollar General

DoorDash adds flexible fulfillment to its Self-Delivery service, partners with Dollar General to offer same-day delivery

DoorDash has owned headlines this week. The food delivery giant first made a splash when it reported Q3 earnings on Tuesday, which were accompanied by the news of an international expansion with the company’s $8.1 billion acquisition of Finnish food delivery platform Wolt, causing the stock to pop.

But DoorDash’s (NYSE: DASH) big week didn’t stop there, as the company made two more major announcements on Thursday. The first is a major upgrade to its Self-Delivery program, which will now offer fle...

https://www.freightwaves.com/news/doordash-adds-flexible-fulfillment-partners-with-dollar-general

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