Author Bio
Howard grew up in Philadelphia watching the Philly sports teams struggle for championships. He has been investing since 1989 and been a Fool since 2001. Prior to joining The Fool as a contract writer in 2019, Howard worked in the steel business as an engineer for 28 years. When he isn’t writing, he is usually out for a run, or relaxing to the music of the Grateful Dead.
What happened
Food delivery service
Waitr Holdings (NASDAQ:WTRH) reported earnings Thursday evening, and investors weren t overly happy with the company s bottom-line results. As of 2 p.m. EDT Friday, its shares traded down 15% versus Thursday s closing price.
Delray Beach on-demand company to sell and says it will keep identity
Waitr Holdings Inc. has agreed to buy “substantially all” of the assets of 11-year-old Florida-based Delivery Dudes, the company said Tuesday.
Delray Beach, Fla.-based Delivery Dudes, founded in 2009, said it plans to maintain its identity in the South Florida area after the Waitr transaction closes, which is expected next week. Terms of the deal were not immediately disclosed.
Jayson Koss, founder of Delivery Dudes, said the Waitr team would help take the third-party platform “to the next level.”
“They recognize the level of customer service that we provide and the deep relationships we have with all the best restaurants within our service areas, said Koss in a statement. With Waitr s resources, we ll get to do delivery bigger and better for all our South Florida customers and fans.