If you’re a bad tipper, DoorDash plans to call you on it

The Street
The Street
  • last year
TheStreet’s J.D. Durkin brings you the biggest news of the day, including the market’s reaction to Wednesday’s Fed meeting and why DoorDash wants to call out non-tippers.
Transcript
00:00 I'm JD Durkin reporting from the floor of the New York Stock Exchange and here is a
00:03 look at what we are watching on the street today.
00:06 Investors are still digesting the Federal Reserve's latest policy decision.
00:09 For the second consecutive month, the U.S. Central Bank left rates unchanged.
00:14 It's a move that stoked optimism that the Fed could be finished raising rates in 2023.
00:19 Separately, Wall Street is also looking ahead eagerly, I should say, to Apple earnings.
00:23 They come out after the market closed later today.
00:26 Investors are expecting to see a dip in the tech giant's third quarter revenue due to
00:30 slowing sales.
00:31 Meanwhile, if you are a lousy tipper, DoorDash is preparing to, well, kind of call you out
00:36 on it.
00:37 The company is now testing a pop-up message in its app that warns customers who choose
00:41 not to tip of potentially slower service.
00:45 The message says, quote, "Orders with no tip might take longer to get delivered.
00:49 Are you sure you want to continue?
00:51 Dashers can pick and choose which orders they want to do.
00:54 Orders that take longer to be accepted by dashers tend to result in a slower delivery."
00:59 According to DoorDash, 100 percent of tips go directly to dashers, or the people who
01:04 pick up and deliver your food.
01:06 So if a customer opts to leave off the tip altogether, there's a good chance that order
01:10 might get a little cold.
01:12 Federal tipped minimum wage is $2.13 an hour, but employers are required to make up the
01:17 difference if a worker's tips don't bring their hourly wage up to the federal minimum
01:22 of $7.25 an hour.
01:24 In Q3, DoorDash reported a 27 percent bump in revenue compared to last year, and the
01:29 total amount of orders placed growing by 24 percent year-over-year to $543 million.
01:37 That'll do it for your daily briefing.
01:38 From the floor of the New York Stock Exchange, I am JD Durkin with The Street.
01:41 Thanks for watching.
01:42 [end]

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