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DoorDash projects quarterly core profit below estimates on higher costs

Shares of DoorDash sank more than 14% in extended trading on Wednesday after it projected second-quarter core profit below estimates, signaling that higher costs were offseting some gains from rising groceries and food orders. The San Francisco-based online food delivery firm has been forced to increase minimum pay for its delivery workers after New York City and Seattle came up with new regulations. "When I look at the business from Q4 to Q1, costs did go up," said CFO Ravi Inukonda in an interview with Reuters, adding that the company passed on some fees to consumers. ....

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Marathon Digital Stock News: MARA pulls back after reaching new two-year high

Marathon Digital (MARA) is riding the Bitcoin price wave on Tuesday. ....

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Google Is Making A Major Change To Its Restaurant Ordering Feature

Google has long allowed users to order food from various restaurants using its search results page, bypassing other sites. But those days are coming to an end. ....

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E-commerce firms breathe a sigh of relief as truck drivers call off strike

Even as strike was called off, several industry stakeholders feared that going back to normal would take time since these strikes, across regions had already resulted in supply chain disruptions in the e-commerce industry. ....

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Uber Eats reveals most popular & weirdest food orders

Let’s dig into some of the good stuff on the Uber Eats Cravings Report. ....

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