Southeast Asian rideshare company Grab is in talks to go public through a SPAC led by Altimeter Capital, according to published reports.
A change in IRS tax code included in the $1.9 trillion COVID relief bill will require sellers and other businesses paying out more than $600 to gig workers to file tax forms with the IRS.
The California Labor Commissioner’s Office has fined Green Messengers and Amazon.com Services a total of $6.4 million for what it said was wage theft from delivery drivers.
When David Cabello dropped out of college, he knew he wanted to make a difference, so he started a food delivery business that caters to Black-owned restaurants.
PayPal is paying an undisclosed sum to acquire Curv, a cryptocurrency and digital asset security provider.
Using data from consumer tracking firm Commerce Signals, the idea that e-commerce sales significantly hurt in-store sales during COVID-19 may not be completely accurate.
More consumers prefer to-go or delivery food experiences, so Applebee’s is testing ghost kitchens and delivery-only brands.
Instacart may forgo the traditional path to public status and sell its shares directly to the public, according to a Reuters report.
Amazon-backed Deliveroo announces plans to go public less than a year after British regulators questioned the viability of the business.
As Amazon continues to dominate e-commerce, major retailers are stepping up their investments hoping to benefit from shifting consumer demands.
Instacart has announced a new funding round of $265 million, increasing its valuation to $39 billion.
New York-based Fillogic has secured a $2.5 million seed funding round to expand its e-commerce logistics platform.
Uber is spinning off the robotic delivery division of Postmates into a new entity.
Ox uses augmented reality to speed the order picking process and improve accuracy. It has landed a $3.5 million seed round of funding to grow its business.
Instacart has announced a new funding round of $265 million, increasing its valuation to $39 billion.
The bankruptcy filing by Hertz threatened to dump a glut of trucks and cars onto the used vehicle market if the company did not find a way to survive.
As cryptocurrencies gain in popularity, more e-commerce brands and payment platforms are incorporating the coins into their payment systems.
Companies like DoorDash and Uber Eats exploded during the pandemic as Americans ordered out for meals, but they face a more difficult path forward as COVID vaccines could reopen in-person dining.
In its first earnings statement as a public company, DoorDash posted record revenue and order volumes, but cautioned on 2021.
Volatile rates per hour and supply demands impacted gig economy drivers in 2020, but a brighter outlook is ahead.
