Is The Sharing Economy Growing Up?

Motley Fool Hidden Gems Investing

The Motley Fool

Business, Investing

4.3 • 3.1K Ratings

🗓️ 29 June 2023

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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Summary

DoorDash has started offering hourly wages for its couriers. (00:21) Bill Barker and Deidre Woollard discuss: - What prompted DoorDash’s recent updates. - Fees, tips, and other ways Airbnb and DoorDash pass on costs to consumers. - How demand for spicy food is just one positive sign for McCormick. (16:15) Sanmeet Deo and Mary Long break down the main components of Adobe’s business and how AI could prove to be a major growth area. Companies discussed: ADBE, MKC, DASH, ABNB, UBER Host: Deidre Woollard Guests: Bill Barker, Sanmeet Deo, Mary Long Producer: Ricky Mulvey Engineers: Dan Boyd Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Door dash goes hourly and McCormick keeps things spicy.
0:08.5	Motley Fool Money starts now.
0:11.7	Welcome Motley Fool Money.
0:22.4	I'm Deed Robullard.
0:23.4	I'm here with Motley Fool Analyst, Bill Barker.
0:25.6	Bill, I feel like everyone's getting a second dose of you this week, so that's awesome.
0:29.4	How are you today?
0:30.4	Well, thanks for asking.
0:32.2	Well, let's start talking about DoorDash.
0:35.0	They're the leader in the restaurant delivery wars.
0:37.5	They announced an hourly wage option for dashers.
0:40.6	Those are the careers that do the pickups.
0:42.6	Previously, it was on a per job basis.
0:46.2	So I think this came because there was some pressure on sort of gig economy workers
0:50.8	from local governments.
0:52.6	I think this is good news for the dashers.
0:55.0	Is it good news for the company?
0:57.2	I think in the long term, it's good news for the company because it's going to supplement
1:02.1	in particular pickup jobs that weren't very profitable on a per job basis, but were on
1:09.7	an hourly basis, or could be at least decent paid an hourly basis, smaller orders, longer
1:16.1	travel.
1:17.1	So in terms of satisfaction of the ultimate customer, I think DoorDash is going to be supplying
	...

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