Two important news items on DoorDash this time: first, it went down 8.5 percent in the stock market and Shopify is being blamed, and second, learn how DoorDash’s new fee structure impacts your next orders!
Down in the stock market, Shopify getting the blame
DoorDash officially went down in the stock market 8.5 percent, and this is after the Shopify and Hungry Howie’s integrations news event.
If you think that plunging down in the stocks does not heavily impact the business, think of it as the walls around a city. So, every point up or down for a company in the stock market, matters.
The Shopify and Hungry Howie’s news event held recently is one that featured big partnership announcements tying DoorDash to both Shopify and Hungry Howie’s in order to expand local on-demand commerce. You will learn more about this partnership up next here on RSF.
Shopify is a complete, cloud-based commerce platform that allows businesses and people to build, manage, and control their online stores, as well as process payments, and track inventory without needing to showcase coding skills.
Meanwhile, Hungry Howie’s is a USA-based pizza restaurant chain known as the home of the Flavored Crust Pizza. It has over 550 locations across the North American country, founded in the 1970s in Michigan by Jim Hearn.
Living it up with DoorDash’s brand-new fee structure
If you don’t know yet, the fees for your next DoorDash order can change depending on your order’s size, or how far your delivery driver has to travel.
DoorDash has overhauled and revamped the way it charges customer fees, and it will roll-out or implement this newest fee structure across most of the USA over the next months.
Under this system, the service fee that customers pay can vary more, depending on factors like order size, and the distance of the store or restaurant. Also, orders that require trips of more than 10 miles may still incur a separate long-distance fee.
What are the implications? Well, know that the same Taco Bell order from two different restaurant locations may have different total prices, and it can even vary more depending on the order size. Will you be paying more? Probably.
DoorDash is an online food delivery app that connects consumers with restaurants, grocery stores, and independent delivery drivers known as Dashers. Consumers place orders through the website or mobile app, participating merchants prepare the items, and Dashers pick them up and deliver them to the specified location. DoorDash earns profits through delivery fees, service fees, commissions charged to merchants, subscription plans like DashPass, and advertising services offered to participating businesses.
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