UPDATE DoorDash Delivers 86% Gain In Stock Market Debut; Shares Close At $186.51DoorDash shares soared in its initial public offering Wednesday, capping a year of explosive growth for the food delivery company.
DoorDash Sets Share Price At $102 Ahead Of Wednesday IPOSan Francisco-based DoorDash has priced its shares at $102 apiece heading into its stock market debut Wednesday, valuing the 7-year-old food delivery company at nearly $39 billion.
Santa Clara County Supervisors Seek Caps On Food Delivery Service FeesMembers of the Santa Clara County Board of Supervisors are seeking a cap on fees charged by third-party food delivery services, saying excessive charges are hurting restaurants during the COVID-19 pandemic.
San Francisco Delivery Company DoorDash Plans IPODoorDash Inc. initialized a public offering its stock Friday, capitalizing on the growing trend of consumers embracing app-based deliveries as much of the world stays home during the pandemic.
Prop 22: Big Money Campaign Keeps Gig Workers Classified As Independent ContractorsUber, Lyft and other app-based ride-hailing and delivery services have prevailed in their expensive gamble to keep drivers classified as independent contractors.
15 Percent Cap On Walnut Creek Restaurant Delivery Fees During COVID Pandemic ApprovedA cap of 15 percent for fees local restaurants pay online third-party ordering and delivery services during the COVID-19 pandemic was approved Tuesday night by the Walnut Creek City Council.
KPIX Vote Smart: Uber, Lyft Place Pop-Up Ads In Favor Of Prop 22 In Rideshare AppsWhen Lyft or Uber customers hail a car, an advertisement pops up saying if Prop. 22 fails, prices and wait times will increase, while drivers will lose their income.
Walnut Creek To Consider 15% Cap On Food Delivery Fees During COVID-19 PandemicThe Walnut Creek City Council on Tuesday will consider a cap on fees local restaurants pay online ordering and delivery service during the COVID-19 pandemic.
Uber, Lyft Look to Kill California Law on App-Based DriversCalifornians are being asked to decide if Uber, Lyft and other app-based drivers should remain independent contractors or be eligible for the benefits that come with being company employees.
Looking Past Lyft: California Law Could Target Food, Grocery Delivery Services NextThe fight over whether ride-hail drivers should be treated as employees or independent contractors, as they have long been treated by Uber and Lyft, could determine whether other parts of the industry are similarly targeted -- in particular fast-growing, on-demand grocery- and food-delivery businesses.
San Francisco DA Seeks Injunction Against DoorDash To Immediately Classify Workers As EmployeesSan Francisco District Attorney Chesa Boudin announced Wednesday that he has asked San Francisco Superior Court to order food delivery app DoorDash to immediately classify its workers as employees instead of independent contractors.