Markets

DoorDash makes trading debut 78% above IPO price

DoorDash commenced public trading on Wednesday, opening at $US182, which was 78% above its initial public offering price. The food-delivery company raised roughly $US3.4 billion with its initial public offering after pricing shares at $US102 each on Tuesday. The IPO kicks off a slew of debuts slated for December, including […]
DoorDash makes trading debut 78% above IPO price
Tech

How to use an Uber Eats gift card to pay for orders on the app

You can use Uber Eats gift cards to pay balances on orders from restaurants and other food establishments that deliver via the Uber Eats platform. Gift cards are available in $US25, $US50, $US100, and $US200 denominations and can be delivered via email or text. You can add your gift card […]
How to use an Uber Eats gift card to pay for orders on the app
Tech

Uber CEO Dara Khosrowshahi says ride-hailing will make up only 50% of the company’s business moving forward as food delivery growth surges

Uber CEO Dara Khosrowshahi said in an interview with NDTV Thursday that Uber’s business will be split “50-50” between ride-hailing and other divisions like food delivery. “Our delivery business is growing at rates that, frankly, I didn’t think was possible, and we have doubled up on that,” Khosrowshahi told NDTV. […]
Uber CEO Dara Khosrowshahi says ride-hailing will make up only 50% of the company’s business moving forward as food delivery growth surges
Tech

How to change your password on Postmates by entering a phone number

Postmates doesn’t use passwords for your ordering account, so you can’t change your password like you would for other apps. Instead, you’ll log into Postmates using your phone number and a security code. Postmates lets your phone number act as a sort of password. Visit Business Insider’s Tech Reference library […]
How to change your password on Postmates by entering a phone number
Tech

As restaurants clash with popular delivery apps like Grubhub over fees, Google Maps is getting a new feature that makes it easier to order directly from local businesses

Google is launching a new feature that lets merchants specify their preferred ordering method when customers find a restaurant through Google Maps. The update comes as restaurants have struggled with processing fees from popular third-party delivery services like Grubhub as they rely heavily on takeout during the coronavirus pandemic. Restaurants […]
As restaurants clash with popular delivery apps like Grubhub over fees, Google Maps is getting a new feature that makes it easier to order directly from local businesses
Markets

GrubHub surges 37% on report of potential takeover by Uber

GrubHub stock spiked as much as 37% on Tuesday after Bloomberg reported Uber made a takeover offer for the food delivery company. Both firms are in negotiations and could close a deal before the end of the month, sources familiar with the matter told Bloomberg. The news prompted a trading […]
GrubHub surges 37% on report of potential takeover by Uber
Tech

How to delete your Postmates account and erase your personal data

If you want to delete your Postmates account, you’re going to have to put in a little more effort than just tapping a few buttons. In order to delete your Postmates account, you’ll need to submit a service request online. Visit Business Insider’s homepage for more stories. Do you have […]
How to delete your Postmates account and erase your personal data
News

Coronavirus is dramatically changing food consumption in China — here’s how

Meituan, a major food delivery company in China, is seeing a dramatic change in customers’ food consumption in the wake of the deadly coronavirus. The company piloted a contactless delivery service after the outbreak began. According to Meituan, which has 5.9 million partner retailers and 700,000 daily active couriers, more […]
Coronavirus is dramatically changing food consumption in China — here’s how
Tech

DoorDash is about to begin trading on the NYSE. Here’s what it’s like inside its Silicon Valley ghost kitchen, a ‘WeWork for restaurants’ that allows tenants like Chick-fil-A to focus on food delivery.

Food delivery platform DoorDash has ventured into the ghost kitchen market. Its ghost kitchen, DoorDash Kitchens, in Redwood City, California, allows five restaurant brands, including Chick-fil-A, a kitchen station in a shared space to focus solely on scaling their takeout business. Ghost kitchens are a hot trend in the food […]
DoorDash is about to begin trading on the NYSE. Here’s what it’s like inside its Silicon Valley ghost kitchen, a ‘WeWork for restaurants’ that allows tenants like Chick-fil-A to focus on food delivery.
Tech

On-demand food delivery app Postmates is set to unveil its IPO filing in September

On-demand food delivery app Postmates plans to publicly reveal its IPO filing in September, TechCrunch reported Monday. One Postmates investor confirmed to Business Insider that the company is in a pre-IPO quiet period. Postmates confidentially filed for an IPO with the U.S. Securities and Exchange Commission in February. The food […]
On-demand food delivery app Postmates is set to unveil its IPO filing in September
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