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DoorDash wants to test new restaurant concepts and expand its delivery reach. DoorDash, the food delivery company, is opening a ghost kitchen in San Jose. The kitchen, which is located at The Plant Shopping Center off Curtner Avenue, will allow DoorDash to test new restaurant concepts and expand its delivery […]
Investopedia reports that DoorDash exceeded earnings expectations with a significant rise in orders and user engagement on its platform. Despite high inflation, consumers in the U.S. continue to spend on delivery and takeout, contributing to DoorDash’s growth. The company posted a net loss of $75 million, or 19 cents per […]
Getir, the Turkish instant grocery delivery startup, has acquired FreshDirect, a New York-based online grocery delivery service, to expand its presence in the U.S. market and further establish itself as a consolidator in the grocery delivery sector. The terms of the deal have not been disclosed, but it is known […]
In a groundbreaking experiment, a group of researchers from China and the US showcased the prowess of AI in software development. They assembled a virtual team of ChatGPT 3.5-powered bots, each taking on roles typically in a software agency, such as CEO, CTO, programmer, and graphics designer. This AI team, […]
The E-Commerce Titan’s Physical Footprint Amazon, the e-commerce behemoth, ventured into the physical retail space with its Fresh stores. However, change is on the horizon as three of these stores prepare to close their doors. Amazon has decided to shutter three of its Fresh stores. The most notable among these […]
DoorDash, the popular food delivery service, has announced record-setting numbers for total orders and revenue in the second quarter. The San Francisco-based company revealed that its total orders surged 25% to 532 million, surpassing Wall Street’s expectations. Revenue also saw a significant increase of 33%, reaching $2.1 billion. The company’s […]
Supply chain software startup Flexport has decided to lay off approximately 20% of its global workforce. Flexport CEO Ryan Petersen communicated this decision to the staff, and the layoffs are expected to commence on Friday. The move comes as part of a series of changes within the company, especially since […]
Major AI corporations are fervently working towards the development of superintelligent AI, which they claim is for the collective benefit of humanity. However, a recent poll suggests that many Americans might not be on board with this vision. The poll, commissioned by the AI Policy Institute and executed by YouGov, […]
In a sudden turn of events, the ghost kitchen startup Butler Hospitality ceased its operations in May, laying off nearly 1,000 employees without much notice. Despite raising $50 million in funding and recently announcing plans to expand into new cities, including Denver and Los Angeles, the company folded abruptly, leaving […]
In the dynamic and multifaceted business world, adhering to legal stipulations is necessary and a cornerstone for building a trustworthy and successful enterprise. From safeguarding consumer rights to fostering fair competition, the legal framework surrounding businesses is both diverse and extensive. As entrepreneurs and business leaders navigate the complex legal […]