When it comes to ordering lunch at the office, there are always so many options. You could run out to a restaurant, order ahead on the phone, or bring from home. With so many options, one start-up thought they would streamline the process. Ritual is a social ordering app that enables networks of co-workers to order in groups in order to streamline the pick-up and drop-off process, and occasionally grab deals.
Robert Kim is the co-founder and COO of Ritual. The app recently launched in the U.S. and is teaming up with restaurants to expand their offerings.
When the order is more social and viral you can get free delivery. Ritual taps into peer-to-peer networks.
Snap downgraded its earnings and revenue expectations for the second quarter, saying the "macroeconomic environment" has deteriorated faster than the company anticipated. The warning sent shockwaves through the digital ad industry, dragging down a handful of other tech stocks, including Pinterest, Meta, and Twitter. Daniel Cobb, CEO and Chief Strategy Officer of Daniel Brian Advertising, joined Cheddar to discuss the reason behind this warning, and why it's bringing so many social media stocks down.
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