Food Delivery Apps Like Uber Eats and DoorDash Are Suing NYC Over Restaurant Fee Cap
Business

Food Delivery Apps Like Uber Eats and DoorDash Are Suing NYC Over Restaurant Fee Cap

Three of the major food delivery apps in the US are suing NYC over a new law that would limit how much they can fee restaurants for their service. According to them, this would force them to compensate for their margins on end consumers.
Tesla’s Stock Drops 5% After the Launch of an NHTSA Investigation into Autopilot Crashes
Money

Tesla’s Stock Drops 5% After the Launch of an NHTSA Investigation into Autopilot Crashes

The investigation will cover all cars produced from 2014 to 2021. The NHTSA also confirmed that it had identified up to 11 crashes associated with the autopilot system from the beginning of January 2018.
Millennial Lifestyle Subsidies Are on Borrowed Time
Business

Millennial Lifestyle Subsidies Are on Borrowed Time

Popular ride-hailing services and other major companies well known to millennials such as Netflix and Airbnb are revising their rates upwards, now that they’re well established in the market.
Stripe is Now the Most Valuable Tech Startup of All Time with a $95 Billion Valuation
Money

Stripe is Now the Most Valuable Tech Startup of All Time with a $95 Billion Valuation

The fintech Stripe is now the most valuable tech startup of all time after its latest round of funding. The company currently operates in America and Europe with plans to expand further.
DoorDash Wants to Get a $27 Billion IPO Valuation
Money

DoorDash Wants to Get a $27 Billion IPO Valuation

With a sharp increase in valuations and profits due to the pandemic, the food delivery startup will debut as of one of the highest profile IPOs this year, expecting to sell 33 million shares.
Uber's IPO Could Be the Biggest One in Years
Business

Uber's IPO Could Be the Biggest One in Years

Uber officially files for an initial public offering, and this week interest parties had a sneak preview of the company's strategy moving forward.

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