News

Cost concerns have long challenged e-grocery, and addressing the issue is becoming more urgent as consumer price sensitivity rises, executives of the companies said.

DoorDash agreed to pay $131.5 million to settle allegations that it underpaid or delayed payments to hundreds of thousands of delivery workers in New York City. The city’s Department of Consumer and Worker Protection described the agreement as the largest worker settlement in New York City history and the largest involving food delivery workers in […]

Lowe’s is testing a faster way to get smaller home-improvement purchases to customers, using an existing DoorDash and Wing delivery setup around its Matthews store.

The home improvement retailer says orders of roughly 2.5 pounds can reach eligible customers near a Charlotte-area store in as fast as 20 minutes

The initial rollout at a North Carolina store involves over 100 SKUs and could later expand to other locations.

Oskar Flodstrom moved to L.A. with $400, was living on $1,000 a month and using food stamps — until a $50 piece with materials from Facebook Marketplace became a $225 viral product.

Costco Wholesale (COST) has just taken its DoorDash partnership nationwide, putting same day delivery from every U.S. warehouse a tap away. That shift gives investors a fresh lens on this membership driven retailer. Against this rollout, Costco Wholesale’s 1-day share price return of 0.59% and 7-day gain of 1.23% sit alongside a 30-day share price decline of 6.87%, while the 1-year total shareholder return is down 3.73% but remains strongly positive over three-year and five-year...

Mamdani celebrated the settlement as a historic victory for New York City workers.

Politicians on the left and right are watching how the New York mayor’s tactics play out in world’s center of capitalism.

DoorDash co-founder Andy Fang says AI shoppers are also checking out five times faster and buying 60% more unique products

A 16% slide in a month puts DoorDash stock in awkward territory, and the culprit is something far newer and more unsettling than a weak consumer or a rate scare. The case for buying the dip and the case for cutting losses both hinge on a single question about where DoorDash's real value actually lives.

Uber still holds a 13.5% stake in Grab, a board seat just got surrendered, and billions are now pointed at a completely different continent. The signals buried in a securities filing tell a story Wall Street speculation keeps missing.

Plus: DoorDash to pay $131.5 million over minimum-pay law compliance and Trump weighs diesel export ban

People want the thrill of the Costco treasure hunt more than same-day delivery.

The appointment follows a formal review and extends WPP Media's longtime relationship with DoorDash in the U.S., Canada, Australia and New Zealand to more than 40 markets worldwide. The remit includes DoorDash brands Deliveroo and Wolt.

DoorDash reached a landmark agreement after some New York City delivery workers were underpaid or received their money late.

DoorDash is owning its mistakes with New York City delivery workers. On Tuesday, September 22, the company posted a news release on its website saying it reached a $131.5 million settlement with New York City’s Department of Consumer and Worker Protection (DCWP) over compliance with pay rules for its delivery workers. The news release explained […]

One platform spans ridesharing, delivery, and freight across dozens of countries. The other dominates food delivery in the U.S. and is expanding internationally.

"Simply put, we screwed up," DoorDash released in a statement on its website Sept. 22. "Our mistakes meant some Dashers were underpaid or paid late.

The delivery company will pay $12.3 million to about 264,000 couriers who were underpaid or paid late under the city’s 2023 wage rules.

The company admitted underpaying delivery workers

Food delivery service DoorDash has settled a dispute with New York City over claims it underpaid its tipped workers. Investors are likely breathing a sigh of relief that the company settled the matter for the relatively modest total amount of $131.5 million, most of which goes directly to the workers who were underpaid or paid late. More than 200,000 Dashers, as the firm’s delivery workers are called, will receive the payments.

Yandell disposed of stock worth $438,460 under a pre-established trading plan, while maintaining a direct holding of 120,688 shares valued.

The $131.5 million agreement with New York City includes $12.3 million for workers who were underpaid or paid late and a $16.7 million fine

The company said that the settlement includes $12.3 million in direct payments to delivery drivers on its platform.

DoorDash (NYSE:DASH) remained the lowest-cost third-party delivery provider in the third quarter, according to a Wells Fargo pricing survey released on Tuesday, despite recording the largest quarterly fee increase among the platforms compared. The survey found that DoorDash’s total basket costs were approximately 2% below those of Uber (NYSE:UBER) and Instacart, even as its fees increased 3.

While strong cash flow is a key indicator of stability, it doesn’t always translate to superior returns. Some cash-heavy businesses struggle with inefficient spending, slowing demand, or weak competitive positioning.

Costco Wholesale (NasdaqGS:COST) has rolled out nationwide same-day delivery across the U.S. through DoorDash for its members. The expanded arrangement now covers all U.S. Costco warehouses, giving shoppers access to thousands of items for rapid fulfillment. DoorDash will handle orders placed via its app and website. These orders are sourced from nearby Costco locations and sent to customers. The nationwide same-day delivery expansion with DoorDash is a key move that needs weighing against...

DoorDash Inc. expanded its retail and sports presence Thursday with a nationwide Costco rollout and a multiyear partnership with the National Hockey League. The two deals broaden DoorDash’s reach beyond restaurant delivery. They also strengthen its push into retail commerce...

While fellow billionaires rushed to abandon California before a landmark wealth tax snapshot locked in their liability, one of the richest people on earth publicly embraced what could be the largest personal tax bill in state history.