DoorDash sues Olo for fraud, says software company charged it too much

Food delivery app DoorDash is seeking “tens of million of dollars” in damages from its partner, software company Olo, accusing it of breaching a contract and fraudulently overcharging it.

Olo is a software company that helps restaurants like Shake Shack and Chili’s manage its online orders. The firm made its initial public offering on the New York Stock Exchange in mid-March, expanding its presence at a time when online food ordering is surging. Its stock soared 39% on the first day. However, Olo’s stock fell 7% in trading Wednesday, at one point sinking to its lowest level since its debut, as further details of its litigation with DoorDash were disclosed in court documents on Tuesday at the New York State Supreme Court.

DoorDash told the court that it was overcharged by Olo, which had promised the delivery app that its fees “would never be higher than the fees charged

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John McAfee indicted on cryptocurrency fraud charges

John McAfee

Paula Bustamante | AFP | Getty Images

Federal prosecutors on Friday accused antivirus software company founder John McAfee and his associate of orchestrating fraudulent schemes to rake in millions of dollars from cryptocurrency investors.

McAfee, 75, and his “cryptocurrency team” advisor Jimmy Watson, 40, allegedly engaged in an “age-old pump-and-dump scheme,” FBI Assistant Director William F. Sweeney Jr. said in a press release announcing the indictment in Manhattan federal court.

McAfee, who presents a larger-than-life online persona and has twice run for president, is currently being held in Spain, where he faces separate criminal tax evasion charges. McAfee resigned from the antivirus company he founded in 1994, but in 2013 created a profane parody video explaining how users can uninstall the software. In 2019, he was ordered to pay $25 million in damages over the killing of a former neighbor in Belize in 2012.

In the “scalping”

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How online shoppers have lost millions to fraud during the pandemic: ‘You have enormous vulnerability’

Yahoo Life is committed to finding you the best products at the best prices. We may receive a share from purchases made via links on this page. Pricing and availability are subject to change.

Make online shopping a safe experience for the whole family. (Photo: Getty Images)
Make online shopping a safe experience for the whole family. (Photo: Getty Images)

It’s another Saturday afternoon during the global pandemic, and you’re back on Amazon, filling your cart with household items and groceries. You haven’t been able to make your typical Target and Walmart runs lately, so you’re stocking up virtually instead.

Online shopping: everyone does it so it’s pretty harmless, right? Well, not always. Fraud is a possibility any time you shop online, according to Experian. And during a worldwide pandemic or even the holiday season, you’re especially vulnerable to hackers, phishers, and identity thieves. Covid-related fraud has already robbed a cumulative $13.4 million from unsuspecting Americans, according to the Federal Trade Commission

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Online shoppers have lost millions to fraud during lockdown

Yahoo Life is committed to finding you the best products at the best prices. We may receive a share from purchases made via links on this page. Pricing and availability are subject to change.

Make online shopping a safe experience for the whole family. (Photo: Getty Images)
Make online shopping a safe experience for the whole family. (Photo: Getty Images)

It’s another Saturday afternoon during lockdown, and you’re back on Amazon, filling your cart with household items and groceries. You haven’t been able to make your typical Target and Walmart runs lately, so you’re stocking up virtually instead.

Online shopping: everyone does it so it’s pretty harmless, right? Well, not always. Fraud is a possibility any time you shop online, according to Experian. And during a worldwide pandemic or even the holiday season, you’re especially vulnerable to hackers, phishers, and identity thieves. Covid-related fraud has already robbed a cumulative $13.4 million from unsuspecting Americans, according to the Federal Trade Commission.

That’s

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