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Hot Stocks: UBER, DASH fall on Amazon/Grubhub deal; RADA drops on guidance; MO gets Juul reprieve; PRIM contract

Jul. 06, 2022 8:27 AM ETUber Technologies, Inc. (UBER), DASHDRS, MO, PRIM, JTKWYBy: Brian Stewart, SA News Editor8 Comments

Trading Charts on a Display

da-kuk/E+ via Getty Images

A new Prime Day addition from Amazon sparked selling in Uber (NYSE:UBER) and DoorDash (NYSE:DASH) during Wednesday's premarket trading. Shares of the food delivery firms dropped after the retailing giant struck a deal

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Comments (8)

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CPA Bob profile picture
Grubhub and others-

If you are curious and want to know if the prices are higher on the delivery platform, the answer is yes. You should know that restaurants choose the price for the items they sell through the delivery app. It is not up to the third party delivery service to set the prices.

In addition, to access the extended customer base of the food delivery platform, every restaurant has to pay fees. Grubhub charges restaurants a base commission rate for orders of 10% plus a processing fee of 3.05%. This often leads to restaurants raising the price of their items on the app so they can pay this extra fee.

Basically, Grubhub fees includes:

Service fees
Delivery Fees
Small Order Fee
Sales Taxes
$DASH falling because it spiked 10.3% for no reason and it just bleed cash.
I was hoping it would open flat so I could short the heck out of this steaming pile...
Come'on, rally for no reason!
SuperPac profile picture
Well done AMZN.
@SuperPac They did this because they will be raising prime membership fee in the fall
SuperPac profile picture
That's good news ! As a long term shareholder and wanting to add more - I love it.
@SuperPac It’s good news in a sense, but in other ways it is troublesome. Online ordering will be down and therefore prime memberships could decline for the first time ever! They obviously feel the need to add ancillary services to try to keep prime members…. It’s not terrible news but I’m not sure if would call it good news. Just this week I asked my wife if we order enough from Amazon now to justify the prime membership; she said yes but hesitated first. We have 4 kids so imagine people that live in smaller households… food for thought
elwalle profile picture
Give me some MO !!!
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