JUST EAT TAKEAWAY

08 Aug

Deliveroo Customer Orders Rise as Demand Improves Across Markets

stp2y0 CommentsRAG modelsCoronavirus, COSTCO WHOLESALE CORP, DELIVEROO PLC, Earnings, food, JUST EAT TAKEAWAY, Markets, Taxes, Technology, UBER TECHNOLOGIES INC, United Kingdom, Will Shu

Deliveroo Plc said the value of customer orders grew in the first half and that earnings for the year will be on the higher end of its forecast after demand rose at the UK food delivery platform.Gross transaction value rose 6% at constant currencies from a year earlier to £3.69 billion ($4.7 billion), the company said in a statement on Thursday. That was in line with the average estimate from analysts surveyed by Bloomberg. Source link lol

07 Aug

Gig Economy Emerges as a Bright Spot Amid Gloomy Tech Earnings

stp2y0 CommentsRAG modelsartificial intelligence, Consumer Spending, Dara Khosrowshahi, DOORDASH INC - A, Earnings, JUST EAT TAKEAWAY, Malcolm Baker, Technology, Tony Xu, UBER TECHNOLOGIES INC, Wall Street

It has been a tough earnings seasonBloomberg Terminal for the technology industry, and markets more broadly.Big Tech companies failed to convince Wall Street that their massive investments in artificial intelligence are paying off. Growth in their core businesses underwhelmed. Their results, combined with broader concerns about the health of the US economy, triggered a meltdown that, at one point, had erased some $6.4 trillion from global stock markets. Source link lol