Canada's Competition Bureau has initiated legal action against DoorDash, accusing the food delivery company of misleading business practices by charging consumers more than advertised. The Bureau's lawsuit focuses on false promotions and deceptive pricing strategies. Despite the lawsuit, DoorDash's stock is trading near a record high, indicating limited concern among shareholders. In a related development, Uber Eats Canada faces a proposed class action lawsuit alleging drip pricing practices for food deliveries. The Competition Bureau also recently secured an agreement from Loblaw to cease using property controls that restrict competition, marking a period of active enforcement against anti-competitive practices in Canada.
Krispy Kreme stock is down 83% since its IPO and 73% year to date and is now trading below $3 per share. That sounds bad. $DNUT https://t.co/k9msqzPPNw
It’s been a rare good week for the Competition Bureau of Canada. Not only did it decide to sue #DoorDash for misleading promotions, but it also secured an agreement from #Loblaw to stop using property controls that restrict competition. Some progress.
Uber Eats Canada is accused of drip pricing practices for food deliveries in proposed class action suit https://t.co/u0Us5O1sEt https://t.co/kn3eTyNKdZ