Delivery and Rideshare Networks


May 30, 2024

Amazon Wades Further into Restaurant Delivery

By Steven Fox

Amazon (AMZN; $180.28; NR) looks to be tightening its on-demand food delivery partnership with Just Eat Takeaway.com’s (TKWY.NL; €12.19; NR) Grubhub with today’s announcement that Prime members can now activate a free Grubhub+ subscription that…

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May 7, 2024

Uber Eats to Be Available on Instacart Platform

By Steven Fox

This morning, Maplebear, doing business as Instacart (CART; $36.53; E/W) and Uber Technologies (UBER; $71.51; O/P) announced a surprising strategic partnership whereby customers will be able to use the Instacart app to order food delivery…

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January 16, 2024

CES Highlights Ads Focus of Delivery & Rideshare Networks

By Steven Fox

We think a just announced Maplebear, d/b/a Instacart (CART; $23.09; O/P), tie-up with Google Shopping ads plus presentations from Uber Technologies’ (UBER; $63.20; O/P) Megan Ramm, Global Director, Head of Consumer Packaged Goods (CPG) Partnerships,…

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January 9, 2024

New DoL Rules Look Manageable

By Steven Fox

This morning, the Department of Labor (DoL) issued a final rule, which becomes effective on March 11th, that provides additional guidance towards the agency determining if a worker should be considered an employee or independent…

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November 3, 2023

A Major Rideshare Regulatory Agreement

By Steven Fox

Yesterday, Lyft (LYFT; $9.94; E/W) and Uber Technologies (UBER; $46.48; O/P) each announced an agreement with the New York State Attorney General’s office to set a minimum wage standard for rideshare drivers, while maintaining that…

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March 14, 2023

A Prop 22 Win for Shared Economy Business Models

By Steven Fox

Last night, the California Court of Appeal overturned a lower court’s ruling that found Proposition 22 to be unconstitutional. Prop 22, which defines app-based drivers and couriers as independent contractors with certain work-hour based benefits,…

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March 6, 2023

More Moves on Newer Delivery Categories

By Steven Fox

We think recent news flow further highlights how Uber Technologies (UBER; $34.57; O/P), as well as DoorDash (DASH; $57.34; E/W), continue to build out commercial partnerships within increasingly important non-restaurant categories to drive revenues, including…

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December 15, 2022

More Regulatory Back and Forth

By Steven Fox

The shares of Lyft (LYFT; $11.89; O/P) and Uber Technologies (UBER; $27.47; O/P) have outperformed over the past week, including yesterday in a down market (+3% and +2%, respectively), which we find interesting into a…

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November 16, 2022

More Rideshare Inflation Pressures to Consider

By Steven Fox

Yesterday (11/15), New York City’s Taxi Limousine Commission (TLC) voted to increase the minimum wage standards for Lyft (LYFT; $12.22; O/P) and Uber Technologies’ (UBER; $30.33; O/P) rideshare drivers by the end of this year….

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October 11, 2022

Another Regulatory Scare to Consider

By Steven Fox

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