Why the GIG Economy Could Alter How Restaurants Hire, Manage Their Workforce - Seite 3

Other recent developments in the markets this week include:

Grubhub Inc. (NYSE: GRUB), a leading online and mobile food-ordering and delivery marketplace, announced financial results for the first quarter ended March 31, 2020 and also posted a letter to shareholders on its investor relations website. The Company reported revenues of $363 million, which is a 12% year-over-year increase from $324 million in the same period last year. Gross Food Sales grew 8% year-over-year to $1.6 billion, up from $1.5 billion in the same period last year.

"The restaurant industry is facing enormous challenges in light of the difficult, but necessary, steps taken to keep us safe as we fight COVID-19," said Matt Maloney, Grubhub founder and CEO. "Grubhub is using nearly all of our profits in the second quarter to generate as many additional orders for our restaurant partners as possible. We hope that the darkest days are behind our restaurant partners and they can start focusing on the recovery."

Slack Technologies, Inc. (NYSE: WORK) Between February 1 and March 25, 2020, Slack added 9,000 new paid customers—an 80% increase over the full quarterly total for the preceding two quarters. And not only are more people using Slack; they're using Slack more. As our co-founder and CEO, Stewart Butterfield, outlined in a recent series of tweets, during that same period, the number of messages sent per user per day increased by an average of 20% globally.

In the U.S., we've seen these global trends continue. The San Francisco Bay Area, Seattle and New York were among the first places in the nation to adopt shelter-in-place measures. As our customers in these regions shifted to remote work, the increased depth of engagement and usage shows how Slack has become a central part of their remote workday.

Uber Technologies, Inc. (NYSE: UBER) – Recently reported on YahooFINANCE, U.S. cities that have idled mass transit during coronavirus lockdowns are turning to an unusual partner to get essential workers to hospitals, warehouses and factories: ride-hailing company Uber.  Long criticized by officials in large U.S. cities for siphoning off transit riders and clogging up streets, some less-dense cities with reduced transit ridership are now turning to the Silicon Valley-based company to fill transportation gaps.