ASAP (food Delivery)
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ASAP (food Delivery)
ASAP Inc., stylized Asap, is an American online and mobile prepared food ordering and delivery and Grocery delivery company. It originated in Lake Charles, Louisiana, where it was founded as Waitr, Inc. by Chris Meaux with support from McNeese State University. The company is now headquartered in Lafayette, Louisiana. History Waitr, Inc. was founded at McNeese State University as a project led by Chris Meaux. It quickly spread throughout Louisiana and across the southern United States. In 2015, Waitr hired Griff’s Hamburger Executive Cory Griffin as Chief Operating Officer. In 2018, the company was acquired through a $308 million reverse takeover by Tilman Fertitta's Lancadia holdings, which is part of the Fertitta Entertainment portfolio. In January 2019, Waitr acquired Minneapolis-based ''Bite Squad'' for $321 million, which effectively doubled Waitr's size. Bite Squad founder Kian Salehi stayed on for several months post-acquisition before leaving the company. In ...
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Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ...
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Reverse Takeover
A reverse takeover (RTO), reverse merger, or reverse IPO is the acquisition of a public company by a private company so that the private company can bypass the lengthy and complex process of going public. Sometimes, conversely, the public company is bought by the private company through an asset swap and share issue. The transaction typically requires reorganization of capitalization of the acquiring company. Process In a reverse takeover, shareholders of the private company purchase control of the public shell company/ SPAC and then merge it with the private company. The publicly traded corporation is called a "shell" since all that exists of the original company is its organizational structure. The private company shareholders receive a substantial majority of the shares of the public company and control of its board of directors. The transaction can be accomplished within weeks. The transaction involves the private and shell company exchanging information on each other, neg ...
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Online Food Retailers Of The United States
In computer technology and telecommunications, online indicates a state of connectivity and offline indicates a disconnected state. In modern terminology, this usually refers to an Internet connection, but (especially when expressed "on line" or "on the line") could refer to any piece of equipment or functional unit that is connected to a larger system. Being online means that the equipment or subsystem is connected, or that it is ready for use. "Online" has come to describe activities performed on and data available on the Internet, for example: "online identity", "online predator", "online gambling", "online game", "online shopping", "online banking", and "online learning". Similar meaning is also given by the prefixes "cyber" and "e", as in the words "cyberspace", "cybercrime", "email", and "ecommerce". In contrast, "offline" can refer to either computing activities performed while disconnected from the Internet, or alternatives to Internet activities (such as shopping in bri ...
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Cannabis Dispensaries
Cannabis dispensaries in the United States or marijuana dispensaries are a local government regulated physical location, typically inside a retail storefront or office building, in which a person can purchase cannabis and cannabis related items for medical or recreational use. First modeled in Amsterdam in the late 1970s where they were innocently called coffee shops, it would take the Americans more than a generation to successfully duplicate the idea of a retail cannabis storefront. Unlike in the Dutch coffee shops, today dispensary customers are prevented from consuming cannabis on the site of a regulated dispensary in all known markets. In a traditional Medical cannabis dispensary store a patient receives cannabis medication as allowed per the patient's doctor's recommendation. These dispensaries sell cannabis products that have not been approved by the FDA and are not legally registered with the federal government. As of 2021 there are state regulated marijuana dispens ...
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Point Of Sale
The point of sale (POS) or point of purchase (POP) is the time and place at which a retail transaction is completed. At the point of sale, the merchant calculates the amount owed by the customer, indicates that amount, may prepare an invoice for the customer (which may be a cash register printout), and indicates the options for the customer to make payment. It is also the point at which a customer makes a payment to the merchant in exchange for goods or after provision of a service. After receiving payment, the merchant may issue a receipt for the transaction, which is usually printed but can also be dispensed with or sent electronically. To calculate the amount owed by a customer, the merchant may use various devices such as weighing scales, barcode scanners, and cash registers (or the more advanced "POS cash registers", which are sometimes also called "POS systems"). To make a payment, payment terminals, touch screens, and other hardware and software options are available. ...
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Uber Eats
Uber Eats is an online food ordering and delivery platform launched by Uber in 2014. Meals are delivered by couriers using cars, scooters, bikes, or on foot. It is operational in over 6,000 cities across 45 countries as of 2021. The process of delivering food is still carried out by Uber drivers, who often only need a few minutes to finish a single service. In places where UberEats is offered, Uber will collaborate with multiple restaurants every day to serve meals to its passengers. The company is facing a lawsuit for antitrust price manipulation, from forcing restaurants to charge the same price for delivery as for dine-in if the restaurant wants to be listed on UberEats' app, along with charging fees of 13–40% of revenue. History Uber Eats' parent company Uber was founded in 2009 by Garrett Camp and Travis Kalanick. The company began food delivery in August 2014 with the launch of the UberFRESH service in Santa Monica, California. In 2015, the platform was renamed to ...
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DoorDash
DoorDash, Inc. is an American company that operates an online food ordering and food delivery platform. The company is based in San Francisco, California. It went public in December 2020 on NYSE and trades under the symbol DASH. With a 56% market share, DoorDash is the largest food delivery company in the United States. It also has a 60% market share in the convenience delivery category. As of December 31, 2020, the platform was used by 450,000 merchants, 20,000,000 consumers, and one million deliverers. DoorDash has been criticized and sued for withholding tips, reducing tip transparency, antitrust price manipulation, listing restaurants without permission, and allegedly misclassifying workers. History In the fall of 2012, Stanford University students Tony Xu, Stanley Tang, Andy Fang and Evan Moore were getting feedback on a mobile app for small business owners when a macaroon store owner told them of her challenges meeting demand for deliveries. In January 2013, they launch ...
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Grubhub
Grubhub Inc. is an American online and mobile prepared food ordering and delivery platform. The company is based in Chicago, Illinois. Founded in 2004, it is a subsidiary of the Dutch company Just Eat Takeaway since 2021. Grubhub has been criticized for antitrust price manipulation, listing restaurants without permission, and allegedly misclassifying workers. Grubhub Seamless went public in April 2014 and was traded on the New York Stock Exchange (NYSE) under the ticker symbol "GRUB". As of 2019, the company had 19.9 million active users and 115,000 associated restaurants across 3,200 cities and all 50 states in the United States. History Grubhub history The original Chicago-based Grubhub was founded in 2004 by Mike Evans and Matt Maloney to create an alternative to paper menus. Two years later, in 2006, Maloney and Evans won first place in the University of Chicago Booth School of Business's Edward L. Kaplan New Venture Challenge with the business plan for Grubhub. In Nov ...
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Minneapolis
Minneapolis () is the largest city in Minnesota, United States, and the county seat of Hennepin County. The city is abundant in water, with thirteen lakes, wetlands, the Mississippi River, creeks and waterfalls. Minneapolis has its origins in timber and as the flour milling capital of the world. It occupies both banks of the Mississippi River and adjoins Saint Paul, the state capital of Minnesota. Prior to European settlement, the site of Minneapolis was inhabited by Dakota people. The settlement was founded along Saint Anthony Falls on a section of land north of Fort Snelling; its growth is attributed to its proximity to the fort and the falls providing power for industrial activity. , the city has an estimated 425,336 inhabitants. It is the most populous city in the state and the 46th-most-populous city in the United States. Minneapolis, Saint Paul and the surrounding area are collectively known as the Twin Cities. Minneapolis has one of the most extensive public par ...
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Tilman Fertitta
Tilman Joseph Fertitta (born 1957) is an American billionaire businessman and television personality. He is the chairman, CEO, and owner of Landry's, Inc. He also owns the National Basketball Association (NBA)'s Houston Rockets. Fertitta is chairman of the board of regents of the University of Houston System. As of September 2022, his net worth was estimated at $7.6 billion. He was placed at No. 260 on the Forbes Billionaires List. ''Forbes'' calls him the "World's Richest Restaurateur". Fertitta became the star of ''Billion Dollar Buyer'' on CNBC. On September 5, 2017, Fertitta reached an agreement to buy the Houston Rockets for $2.2 billion. Early life and education Tilman Fertitta was born in Galveston, Texas in 1957. He is of Sicilian descent. His father, Vic, owned a seafood restaurant on Galveston Island, and after school, Tilman would peel shrimp in his father's restaurant. Fertitta attended Texas Tech University and the University of Houston, studying business admini ...
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KPLC
KPLC (channel 7) is a television station in Lake Charles, Louisiana, United States, affiliated with NBC and The CW Plus. It is owned by Gray Television, which provides certain services to dual Fox/ABC affiliate KVHP (channel 29) under a shared services agreement (SSA) with American Spirit Media. Both stations share studios on Division Street in downtown Lake Charles, while KPLC's transmitter is located near Fenton, Louisiana. History KPLC-TV signed on September 29, 1954 with NBC's airing of the 1954 World Series. Owner T. B. Lanford of Shreveport had previously signed on KPLC radio (1470 AM, now KLCL, and 99.5 FM, now KNGT) and was eager to expand into television, giving the new station the same callsign as their radio sisters. On the same day, Lanford helped sign on then- and current sister station KALB-TV in Alexandria. KPLC was a major beneficiary of a quirk in the Federal Communications Commission (FCC)'s plan for allocating stations. In the early days of broadcast telev ...
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