DoorDash Buying Caviar from Square for $410M
prnewswire.com
DoorDash Buying Caviar from Square for $410M
1–10 of 172 posts
Re: DoorDash Buying Caviar from Square for $410M
#2I wonder whether the timing of this is related to DoorDash finally backing down on handling of tips.
Re: DoorDash Buying Caviar from Square for $410M
#3I wonder whether the timing of this is related to DoorDash finally backing down on handling of tips.
It takes longer than a month to finalize a $410M acquisition.
Re: DoorDash Buying Caviar from Square for $410M
#4[deleted]
Re: DoorDash Buying Caviar from Square for $410M
#5This seems like a smart move and a good thing for both parties, but Square’s trading lower on the news?
Re: DoorDash Buying Caviar from Square for $410M
#6This seems like a smart move and a good thing for both parties, but Square’s trading lower on the news?
Yeah a bit strange. They’re making about 300M on the transaction and it was never that clean a fit.
Re: DoorDash Buying Caviar from Square for $410M
#7This seems like a smart move and a good thing for both parties, but Square’s trading lower on the news?
they released earnings simultaneously and those earnings lowered revenue forecast for the rest of the year.
https://www.cnbc.com/2019/08/01/square-earnings-q2-2019.html
Re: DoorDash Buying Caviar from Square for $410M
#8For what it's worth, the general vibe I've gotten from couriers has been that Caviar is one of the best food delivery apps for them, and that DoorDash is among the worst.
Re: DoorDash Buying Caviar from Square for $410M
#9Question from someone that's not familiar with law, or I guess specifically antitrust (anti-monopoly?) law.
How are these acquisitions not in violation of these laws. Especially from the Big Tech Cos that slurp up literally any small competitor.
From the article:
"DoorDash's acquisition of Caviar creates a highly differentiated company with a unique brand and wide-ranging selection."
How is this not a play at eliminating competition?
Re: DoorDash Buying Caviar from Square for $410M
#10The price seems high for something Square presumably needed to unload. Who else would have been bidding it up? And why are food delivery businesses still in a bubble?
That's not a slam on businesses in a bubble phase, either. Many industries go through one before settling into a steady, sustainable state. Just surprised that delivery is still in one, while related industries, like ride-share are cooling off.