Latest news with #Dashers
Yahoo
a day ago
- General
- Yahoo
Three Square, DoorDash team up to deliver meals
Three Square Food Bank, in partnership with DoorDash's Project Dash, is delivering over 20,000 meals monthly to homebound seniors in Southern Nevada, addressing critical food insecurity issues. This initiative has resulted in the delivery of more than 500,000 meals to date, thanks to the efforts of volunteers who pack meals at the Three Square warehouse and Dashers who deliver them. 'It is a gratified feeling to be able to have someone have access to food,' said Tara Nerida from Three Square Food Bank, highlighting the importance of their work. Sharon Simmons, a Dasher involved in the program, explained, 'There are a lot of times when they want to talk and it's great to listen to them,' emphasizing the personal connection she makes during deliveries. Three Square Food Bank has been a vital resource for addressing food insecurity in Southern Nevada, particularly among homebound seniors who face transportation barriers. The partnership with DoorDash through Project Dash allows the food bank to extend its reach by utilizing DoorDash's delivery network to bring meals directly to those in need. Volunteers at the food bank play a crucial role by packing thousands of meals each month, which are then distributed by Dashers like Sharon Simmons. The program not only provides nourishment but also offers social interaction for recipients, as Dashers often serve as the only visitors some seniors receive. Through the combined efforts of Three Square Food Bank, DoorDash, and dedicated volunteers, the program continues to make a significant impact on the lives of homebound seniors, ensuring they receive the meals and companionship they need. All facts in this report were gathered by journalists employed by KLAS. Artificial intelligence tools were used to reformat from a broadcast script into a news article for our website. This report was edited and fact-checked by KLAS staff before being published. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
2 days ago
- Business
- Yahoo
Homan says Trump administration to ramp up workplace immigration enforcement
President Trump's border czar Tom Homan said Wednesday workplace immigration enforcement will 'massively expand' in an interview with Semafor. His comments come days after Immigration and Customs Enforcement (ICE) agents removed dozens of immigrants allegedly without legal status working at a meat packaging facility in Nebraska as Los Angeles protesters continue to demonstrate against the Trump administration's widespread push for deportations. 'They're coming here for a better life and a job, and I get that,' Homan told Semafor. 'The more you remove those magnets, the less people are going to come. If they can't get a job most of them aren't going to come,' he added. Most immigrants without legal status are able to find work as delivery drivers or in the fields of agriculture or the service industry, according to the Center for Migration Studies. Farmers and food delivery companies have begun to complain about the removal of immigrants without legal status, arguing deportations threaten their workforce and ability to operate. 'Our great Farmers and people in the Hotel and Leisure business have been stating that our very aggressive policy on immigration is taking very good, long time workers away from them, with those jobs being almost impossible to replace,' Trump wrote in a Thursday Truth Social post. 'In many cases the Criminals allowed into our Country by the VERY Stupid Biden Open Borders Policy are applying for those jobs. This is not good. We must protect our Farmers, but get the CRIMINALS OUT OF THE USA. Changes are coming,' he added. However, in March, DoorDash warned that modifying immigration policies could thwart their business model. 'Changes in certain laws and regulations, including immigration and labor and employment laws, or laws that require us to make changes to our platform that decrease the accessibility, including removing access to our platform, or flexibility provided to Dashers in certain jurisdictions, may result in a decrease in the pool of Dashers, which may result in increased competition for Dashers or higher costs of recruitment and engagement,' DoorDash wrote in a filing with the U.S. Securities and Exchange Commission. 'If we fail to attract Dashers, retain existing Dashers on favorable terms, or maintain or increase the use of our platform by existing Dashers, we may not be able to meet the demands of merchants and consumers and our business, financial condition, and results of operations could be adversely affected,' they added. The Nebraska business owner whose facility was raided by ICE on Tuesday said he's worked to ensure that employees are legally in the United States by checking their identity with E-Verify, a system managed by the Department of Homeland Security. However, officials told him the system was 'broken' after the raid, which left him clueless on how to properly process individuals who've applied for employment. 'I mean, what am I supposed to do with that? This is your system, run by the government. And you're raiding me because your system is broken?' Chad Hartmann, president of Glenn Valley Foods, told The Associated Press. ICE officials told him they'd help him figure out the best method for hiring, while Trump on Thursday pledged to sign an executive order guaranteeing 'common sense' policies for farm workers that could be roiled by deportations. 'Our farmers are being hurt badly. They have very good workers. They've worked for them for 20 years. They're not citizens, but they've turned out to be, you know, great,' Trump told reporters. 'We can't take farmers, take all their people and send them back because they don't have maybe what they're supposed to have, maybe not.' Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
2 days ago
- Business
- Yahoo
Trump will target US employers in next phase of immigration crackdown, Homan says
The Trump administration is planning to ramp up civil and criminal prosecutions of companies that employ workers without legal status, White House border czar Tom Homan said in an interview Wednesday. 'Worksite enforcement operations are going to massively expand,' Homan said. The White House has faced criticism from Democrats and even its own anti-immigration allies for exaggerating an immigrant crime wave while holding harmless the employers whose decisions shape huge sectors of the American economy. President Donald Trump 'won't prosecute companies for bribery and won't prosecute companies for hiring illegal immigrants,' Sen. Ruben Gallego, D-Ariz., said on X Tuesday. 'This administration just takes care of its donors.' But behind the scenes, American companies are 'freaking out' about the possibility of civil and criminal sanctions, or about the operational impact of losing a huge labor force, said Chris Thomas, a partner at Holland & Hart, who represents employers in immigration cases. He said clients have been 'calling in a panic — asking if they should be looking for ways to cut out potentially undocumented workers.' (He added that his clients do not know themselves to be employing any.) Employers are 'very scared — folks in LA, particularly,' said Bruce Buchanan, a leading immigration lawyer based in Nashville. Trump appeared to respond to those worries on Thursday morning: 'Our great Farmers and people in the Hotel and Leisure business have been stating that our very aggressive policy on immigration is taking very good, long time workers away from them, with those jobs being almost impossible to replace,' he posted on Truth Social, promising that 'changes are coming.' For now, however, Homan confirmed that employers' fears are justified. Though the Trump administration prefers to focus on 'sanctuary' city policies that prevent police from turning over migrants who have committed crimes, this week's turmoil in Los Angeles began when federal agents raided four workplaces in the city's garment district as part of criminal investigations. Homan said the government will seek sanctions against employers. And major public companies have begun to warn investors that their models depend on migrant labor: 'Increased enforcement efforts with respect to existing immigration laws by governmental authorities may disrupt a portion of our workforce or our operations,' Smithfield, a major meatpacker, wrote in late March, the first time such language had appeared in its securities filings. DoorDash said in a recent filing that a crackdown 'may result in a decrease in the pool of Dashers.' 'They're coming here for a better life and a job, and I get that,' Homan said. 'The more you remove those magnets, the less people are going to come. If they can't get a job most of them aren't going to come.' Federal authorities have generally avoided targeting companies for a range of reasons, including the high burden of proof under laws that require showing that employers affirmatively knew the workers they hired lacked legal status. Unlike most developed economies, the US has no standardized national requirement that employers use its system for checking workers' papers, known as eVerify — and many workers evade that system by using a different legal worker's identity. Trump's first term saw some stepped-up Immigration and Customs Enforcement action against employers, with a two-step nationwide audit in 2018 and a record-setting $80 million civil settlement against the giant Asplundh Tree Experts over an investigation that began in the Obama years. Allies had expected the enforcement, which typically comes as much as a year after worksite raids, to ramp up before the coronavirus pandemic derailed immigration enforcement. Employer enforcement 'makes sense, but it has political impact on both sides,' Sen. Dick Durbin, D-Ill., told Semafor. 'Many entrepreneurs who are Republican by inclination would protest mightily. They can't have it both ways.' Such a move 'would reverberate through Congress,' he said. A concerted focus on employer enforcement would also shake huge segments of the US economy. Almost a quarter of construction workers lack legal status, a 2021 survey found, and as many as half of meatpacking workers. A focus on those industries could also undercut two of Trump's campaign promises: to make housing more affordable and bring down food prices. 'I won on the border, and I won on groceries,' he told NBC's Kristen Welker in December. President Trump suggested in April that he would propose a guest worker program for some of those businesses: 'We have to take care of our farmers, the hotels and, you know, the various places where they tend to need people.' But ICE raided a Nebraska meatpacking plant this week. 'Congress has a job to do,' Homan said. 'We're going to do worksite enforcement operations until there's a deal made.' When I first asked Homan about employers' role, he turned to talking points about sanctuary cities and the importance of sending agents in to arrest 'bad guys' who municipal authorities wouldn't turn over. Are employers, I asked, 'bad guys' in his view? 'Depends,' he replied. 'I know some employers don't know a fraudulent document from a legal document. But I truly believe that nobody hires an illegal alien from the goodness of their heart. They hire them because they can work them harder, pay them less, and undercut their competition — that hires US citizen employees, and drive wages down.' And yet, if and when the Trump administration moves past the popular, theatrical pursuit of alleged gang members and criminals, the White House and Congress will need to make hard decisions about how America sees its vast migrant workforce. Even the most dedicated restrictionists, like Homan, acknowledge that criminals are a tiny minority. 'Most illegal aliens are regular working stiffs,' said Mark Krikorian, the executive director of the Center for Immigration Studies. 'If you're not going after those people, you're not going to change the fundamental calculus.' (Krikorian is a longtime leader of the US anti-immigration movement — a figure who was so marginal in the Republican Party 20 years ago that when I, as a young reporter for the conservative New York Sun, tried to quote him, my editor told me he was beyond the pale. Now he's the intellectual architect of White House policy.) Gallego's comment suggests that Democrats, flailing for an affirmative policy on the border and immigration, may also see employers, rather than workers, at the center of the debate. The 'magnet' of migration is a decades-long, tacit agreement that meatpackers, construction companies, and farmers can employ migrants without any real penalties, and without the kind of tax and regulatory enforcement that's common across other developed countries. The US has struggled for decades to reach an agreement to regularize that system. Restrictionists have long dreamed of trading the legalization of immigrants who arrived illegally as children, known as Dreamers, for broad use of employment authorization. But many in Trump's movement simply want fewer immigrants, pitting them against big American business and Democrats alike, and while the outlines of a deal have been clear since the early 2000s, the prospect of a bipartisan agreement seems as remote as ever. The mixed signals toward employers have fed cynicism among those who like Trump's economic nationalism. 'The contradiction at the heart of the administration's approach reveals a fundamental tension between populist rhetoric and pro-business reality. While cameras roll for dramatic deportation footage, the industries dependent on illegal migration are maintaining business as usual. This disconnect could ultimately undermine the economic nationalism that propelled the Trump campaign to victory,' Lee Fang wrote on Substack. Trump's focus on immigrants with criminal records in US cities has produced an expanding national conflict, per The New York Times. the apprehension among employers, who are bracing for a wave of audits.
Yahoo
13-05-2025
- Business
- Yahoo
DoorDash has captured underpenetrated markets through attractive pricing for couriers
Introduction DoorDash is an e-delivery marketplace that links couriers, restaurants/grocers, and consumers. Uber is the only competitor that can match Dash's scale, and its success is mostly due to network effects and intangible assets. DoorDash's network effect as a moat source is facilitated by its exceptional customer engagement. For Dash to sustain returns over time above its cost of capital, the strength of its network effect and intangible assets is essential. Warning! GuruFocus has detected 5 Warning Sign with DASH. Market Assessment From 39 orders per user in 2020 to 62 orders per user in 2024, Dash, a food delivery platform, grew by 10% annually, surpassing both Uber's 3% and Grubhub/JustEatTakeaway's 1% growth. Dash is quickly growing user engagement and is poised to overtake Uber in terms of trips or orders per user, despite its primary focus on food delivery. Larger basket sizes give Instacart, a grocery-focused company, a GOV ($33 billion projected in 2024) because they offer advantageous operating leverage. To help compete with supermarket behemoths like Walmart and Costco, grocery delivery service Dash has been growing in the market and partnering with Albertson's. Compared to other e-food competitors, this entry into grocery stores should present chances for additional margin growth. Bull Case One way to conceptualize the network effect is as "supply informing demand and demand informing supply." Eaters are the demand, and couriers and restaurants/grocers are the supply. By facilitating an online presence and connecting with millions of customers, food marketplace companies such as Dash encourage restaurants to become part of the network. While the food marketplace offers eaters an on-demand service, couriers gain from the establishment of a marketplace where they can receive compensation and work at their own pace. Dash serves as an aggregator in the network created by combining supply and demand. Dash needs enough eaters, Dashers, and restaurants to reach and sustain critical mass so that everyone wins. This starts a positive feedback loop in which more orders lead to more data and better algorithms, which enhances the application's comprehension of human behavior and improves performance while attracting new users. High engagement makes it possible for DoorDash to gather more data, which improves its value proposition to eateries by giving them insights into the trends and ordering patterns of its customers. Additionally, it improves supply-side stickiness by expanding delivery opportunities, which directly benefits Dashers. In 2024, Dash fulfilled 2.5 billion orders, surpassing rivals JET/Grubhub and Instacart. Its order volume increased by 26% yearly, while JET's was 1% and Instacart's was 3%. This leads to a top-of-class scale, with a gross order value (GOV) of $80 billion, compared to $75 billion for Uber Eats. Dash's higher growth rates show that it has been more successful than Uber at entering suburban markets. Dash essentially subsidizes its supply-side costs by charging customers a delivery and service fee, restaurants a fee or commission, and a suggested tip payment in order to generate revenue. Restaurant fee caps of 15%20% of total order value are still in place in New York City and San Francisco, but they might be lifted to allow for further margin growth. Dash's experience with "ghost kitchens," which enable restaurants to expand without significant costs like real estate, is a last growth strategy that enables the reinforcement of network effects. In the end, this idea can sustain the positive feedback loop where supply reinforces demand and vice versa, giving Dashers more revenue opportunities and consumers more options. Bear Case Customers are drawn to Uber or Dash for market share and engagement in network effect industries, which frequently produce a winner-take-all atmosphere. Uber sets itself apart from Dash's platform with its own value proposition, which includes ridesharing and food delivery. Switching costs are minimal, though, and customers might favor more affordably priced goods with shorter wait times and a larger selection. In this computation, loyalty programs are important. It is appealing that Dash specializes in food delivery and prioritizes customer satisfaction. Recently, Dash and Alphabet Wing teamed up to offer drone delivery services in Texas and Virginia. Dash's growth prospects could be jeopardized if drone companies transition from an upstream role to a vertically integrated offering with demand aggregation software and apps. Dash has a lower cost structure because its business model is based on categorizing couriers as part-time gig workers. Dash has, however, incurred legal costs and fought this issue through California's Proposition 22, which may result in other jurisdictions contesting the platform's classification of part-time employees. Margin Assessment During the forecast period, Dash, a rapidly expanding technology, is anticipated to hold onto its 2530% market share in the global food delivery industry. However, prolonged market capture will be thwarted by intense competition from Uber and other competitors. With prospects for expansion in grocery delivery and global expansion via its global Wolt platform, Dash has been broadening its geographic revenue sources. As e-grocery catalog sizes increase, consumers are anticipated to favor convenience. Dash is concentrating its growth efforts on suburban markets, where the financial and technological effects will be most noticeable. It is anticipated that revenue growth will surpass significant costs, including those related to onboarding merchants and placing orders with non-partner merchants. By running micro-fulfillment logistics facilities that require little onboarding expertise from merchants, ventures like DashMart increase efficiency. Increased order batching and better route density should be possible thanks to Dash's continuously evolving machine learning algorithms, which will also increase cost effectiveness per order. The downward trend in sales and marketing costs suggests that network effects have reached a critical mass where they can sustain themselves. Dash is striking a balance between this dynamic and the necessity of entering new markets as it grows. Dash recorded its fourth consecutive GAAP profitable quarter as of March 2025. With an adjusted operating margin of 3.7% in 2025 and a steady increase to 12.4% by 2028, the company is expected to continue to turn a profit in every quarter going forward. Hedge Fund Bets On the surface, it may seem like are offloading Dash's shares in cohort but assuming that would be incredibly wrong. Most of these Gurus are single-manager hedge funds who often times need to realize some gains in order to facilitate their LPs get access to their returns. This gets eve clearer when we look at the average buying price of these Gurus who have sold shares of DoorDash. For instance, Aspex, who sold a third of its DASH's holdings had realized a gain of 126% on this stock. Final Thoughts To increase its worldwide footprint, restaurant delivery service DoorDash has made a number of calculated acquisitions. It expanded its restaurant portfolio in 2019 when it paid $410 million to acquire a rival restaurant, Caviar. For $8.1 billion in 2022, it purchased the Finnish online delivery service Wolt. It intends to pay EUR 2.4 billion in 2025 to acquire the UK-based food delivery service Deliveroo. DoorDash has been able to reach 26 countries thanks to these acquisitions. Through the proposed $1.2 billion acquisition of SevenRooms, a hospitality technology company, the company will be able to expand its value proposition to restaurants and monetize consumer behavior data. Dash may be able to pursue more significant strategic acquisitions, like Lyft, thanks to its solid financial position and balance sheet. This would enable Dash to compete with Uber as a super-app and diversify its sources of income. By combining the two platforms, the combined entity's appeal would be increased for customers looking for a comprehensive convenience service on a single application. This article first appeared on GuruFocus. 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Yahoo
13-05-2025
- Business
- Yahoo
DoorDash has captured underpenetrated markets through attractive pricing for couriers
Introduction DoorDash is an e-delivery marketplace that links couriers, restaurants/grocers, and consumers. Uber is the only competitor that can match Dash's scale, and its success is mostly due to network effects and intangible assets. DoorDash's network effect as a moat source is facilitated by its exceptional customer engagement. For Dash to sustain returns over time above its cost of capital, the strength of its network effect and intangible assets is essential. Warning! GuruFocus has detected 5 Warning Sign with DASH. Market Assessment From 39 orders per user in 2020 to 62 orders per user in 2024, Dash, a food delivery platform, grew by 10% annually, surpassing both Uber's 3% and Grubhub/JustEatTakeaway's 1% growth. Dash is quickly growing user engagement and is poised to overtake Uber in terms of trips or orders per user, despite its primary focus on food delivery. Larger basket sizes give Instacart, a grocery-focused company, a GOV ($33 billion projected in 2024) because they offer advantageous operating leverage. To help compete with supermarket behemoths like Walmart and Costco, grocery delivery service Dash has been growing in the market and partnering with Albertson's. Compared to other e-food competitors, this entry into grocery stores should present chances for additional margin growth. Bull Case One way to conceptualize the network effect is as "supply informing demand and demand informing supply." Eaters are the demand, and couriers and restaurants/grocers are the supply. By facilitating an online presence and connecting with millions of customers, food marketplace companies such as Dash encourage restaurants to become part of the network. While the food marketplace offers eaters an on-demand service, couriers gain from the establishment of a marketplace where they can receive compensation and work at their own pace. Dash serves as an aggregator in the network created by combining supply and demand. Dash needs enough eaters, Dashers, and restaurants to reach and sustain critical mass so that everyone wins. This starts a positive feedback loop in which more orders lead to more data and better algorithms, which enhances the application's comprehension of human behavior and improves performance while attracting new users. High engagement makes it possible for DoorDash to gather more data, which improves its value proposition to eateries by giving them insights into the trends and ordering patterns of its customers. Additionally, it improves supply-side stickiness by expanding delivery opportunities, which directly benefits Dashers. In 2024, Dash fulfilled 2.5 billion orders, surpassing rivals JET/Grubhub and Instacart. Its order volume increased by 26% yearly, while JET's was 1% and Instacart's was 3%. This leads to a top-of-class scale, with a gross order value (GOV) of $80 billion, compared to $75 billion for Uber Eats. Dash's higher growth rates show that it has been more successful than Uber at entering suburban markets. Dash essentially subsidizes its supply-side costs by charging customers a delivery and service fee, restaurants a fee or commission, and a suggested tip payment in order to generate revenue. Restaurant fee caps of 15%20% of total order value are still in place in New York City and San Francisco, but they might be lifted to allow for further margin growth. Dash's experience with "ghost kitchens," which enable restaurants to expand without significant costs like real estate, is a last growth strategy that enables the reinforcement of network effects. In the end, this idea can sustain the positive feedback loop where supply reinforces demand and vice versa, giving Dashers more revenue opportunities and consumers more options. Bear Case Customers are drawn to Uber or Dash for market share and engagement in network effect industries, which frequently produce a winner-take-all atmosphere. Uber sets itself apart from Dash's platform with its own value proposition, which includes ridesharing and food delivery. Switching costs are minimal, though, and customers might favor more affordably priced goods with shorter wait times and a larger selection. In this computation, loyalty programs are important. It is appealing that Dash specializes in food delivery and prioritizes customer satisfaction. Recently, Dash and Alphabet Wing teamed up to offer drone delivery services in Texas and Virginia. Dash's growth prospects could be jeopardized if drone companies transition from an upstream role to a vertically integrated offering with demand aggregation software and apps. Dash has a lower cost structure because its business model is based on categorizing couriers as part-time gig workers. Dash has, however, incurred legal costs and fought this issue through California's Proposition 22, which may result in other jurisdictions contesting the platform's classification of part-time employees. Margin Assessment During the forecast period, Dash, a rapidly expanding technology, is anticipated to hold onto its 2530% market share in the global food delivery industry. However, prolonged market capture will be thwarted by intense competition from Uber and other competitors. With prospects for expansion in grocery delivery and global expansion via its global Wolt platform, Dash has been broadening its geographic revenue sources. As e-grocery catalog sizes increase, consumers are anticipated to favor convenience. Dash is concentrating its growth efforts on suburban markets, where the financial and technological effects will be most noticeable. It is anticipated that revenue growth will surpass significant costs, including those related to onboarding merchants and placing orders with non-partner merchants. By running micro-fulfillment logistics facilities that require little onboarding expertise from merchants, ventures like DashMart increase efficiency. Increased order batching and better route density should be possible thanks to Dash's continuously evolving machine learning algorithms, which will also increase cost effectiveness per order. The downward trend in sales and marketing costs suggests that network effects have reached a critical mass where they can sustain themselves. Dash is striking a balance between this dynamic and the necessity of entering new markets as it grows. Dash recorded its fourth consecutive GAAP profitable quarter as of March 2025. With an adjusted operating margin of 3.7% in 2025 and a steady increase to 12.4% by 2028, the company is expected to continue to turn a profit in every quarter going forward. Hedge Fund Bets On the surface, it may seem like are offloading Dash's shares in cohort but assuming that would be incredibly wrong. Most of these Gurus are single-manager hedge funds who often times need to realize some gains in order to facilitate their LPs get access to their returns. This gets eve clearer when we look at the average buying price of these Gurus who have sold shares of DoorDash. For instance, Aspex, who sold a third of its DASH's holdings had realized a gain of 126% on this stock. Final Thoughts To increase its worldwide footprint, restaurant delivery service DoorDash has made a number of calculated acquisitions. It expanded its restaurant portfolio in 2019 when it paid $410 million to acquire a rival restaurant, Caviar. For $8.1 billion in 2022, it purchased the Finnish online delivery service Wolt. It intends to pay EUR 2.4 billion in 2025 to acquire the UK-based food delivery service Deliveroo. DoorDash has been able to reach 26 countries thanks to these acquisitions. Through the proposed $1.2 billion acquisition of SevenRooms, a hospitality technology company, the company will be able to expand its value proposition to restaurants and monetize consumer behavior data. Dash may be able to pursue more significant strategic acquisitions, like Lyft, thanks to its solid financial position and balance sheet. This would enable Dash to compete with Uber as a super-app and diversify its sources of income. By combining the two platforms, the combined entity's appeal would be increased for customers looking for a comprehensive convenience service on a single application. This article first appeared on GuruFocus.
