Food Delivery Apps See Orders Drop After Hiking Fees

WSJ What’s News

The Wall Street Journal

News, Daily News

4.1 • 4.2K Ratings

🗓️ 24 June 2024

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

A.M. Edition for June 24. Uber Eats and DoorDash have responded to cities’ new wage-increase requirements for gig workers by ratcheting up fees. The WSJ’s Preetika Rana says this is resulting in fewer orders, hurting the companies, restaurants and drivers alike. Plus, Apple discusses an AI partnership with Meta, while in Europe, it gets slapped with charges under new tech laws. And Israel plans to redeploy troops from Gaza to the Lebanese border once intensive fighting winds down. Luke Vargas hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	O. C.I. is the single platform for your infrastructure, database, application development, and AI needs.
0:06.0	Do more and spend less like Uber 8 by 8 and Databrics Mosaic.
0:11.0	Take a free test drive of OCI at oracle.com
0:14.4	slash Wall Street.
0:19.5	The EU charges Apple with failing to comply with its new competition law.
0:25.0	Plus food delivery companies respond with fees after cities mandate wage increases for gig workers.
0:32.0	So indirectly what that's done is that they have eroded demand,
0:37.0	especially in a place like Seattle,
0:40.0	Uber Eat's orders were down 45% last quarter compared with the same period a year ago
0:46.4	because of these new fees.
0:48.0	And Israel plans to redeploy troops from Gaza to the Lebanese border after intensive fighting winds down.
0:55.3	It's Monday, June 24th.
0:57.3	I'm Luke Vargas for the Wall Street Journal and here is the AM edition of What's News.
1:02.3	The top headlines and business stories moving your world today.
1:07.0	We begin in Brussels where the European Union has charged Apple with failing to
1:16.8	comply with a new digital competition law alleging its App Store doesn't allow
1:22.0	developers to freely direct customers to alternative ways of making purchases.
1:27.2	The charges are the first to be issued under the New Digital Markets Act, which aims to boost competition in app ecosystems, digital
1:35.0	advertising, and online search. The EU said the charges don't necessarily mean
1:40.8	that Apple will be found to be breaking the rules and Apple will have an opportunity
1:45.4	to examine and respond to the EU's findings.
1:48.6	Though if it is found to have broken the rules, the company could be fined as much as 10% of its worldwide revenue.
	...

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