Toast · Companies · The Inference

Applications

Grubhub's co-founder is back, charging $1 where DoorDash takes up to 30%

Matt Maloney went public with Bites on October 7; Olo's no-commission app went live October 20. DoorDash's Q3 report lands November 4 with its take rate under attack from both.

October 22, 2026 · 3 min read

Economy

BofA rates PayPal a sell with a $53 target, $7.50 under the $60.50 bid the board turned away

Bank of America resumed PayPal at Underperform, its equivalent of a sell rating, on October 15 with a $53 target, arguing that running the Braintree processing arm apart from the branded checkout button forces a choice between losing merchants and losing margin. The same day brought PayPal's exclusive checkout deal with the AI shopping app Glance and Google's own cart inside Search, opening moves in a fight over whose wallet pays when an AI agent shops.

October 16, 2026 · 3 min read

Applications

DoorDash sent warning letters as a ChatGPT ordering rival undercuts it by $13.56 a pizza

DoorDash spent August warning Bay Area restaurants off Bites, a ten-person startup that takes ChatGPT orders straight to the till for a flat $1. The question for DASH holders is which revenue line survives when ordering starts inside a chatbot.

October 8, 2026 · 3 min read

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Also mentioned in

Grubhub's co-founder is back, charging $1 where DoorDash takes up to 30%

BofA rates PayPal a sell with a $53 target, $7.50 under the $60.50 bid the board turned away

DoorDash sent warning letters as a ChatGPT ordering rival undercuts it by $13.56 a pizza