Toast shares are trading lower after an 8K filing showed the company decided to remove the $0.99 order processing fee from the new version of its digital ordering suite by the end of this week.
Portfolio Pulse from Benzinga Newsdesk
Toast Inc. has decided to remove the $0.99 order processing fee from the new version of its digital ordering suite. This decision is expected to be implemented by the end of this week.
July 19, 2023 | 7:50 pm
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NEGATIVE IMPACT
Toast's decision to remove the $0.99 order processing fee could potentially impact its revenue stream, leading to a decrease in its stock price.
The removal of the $0.99 order processing fee from Toast's digital ordering suite could potentially decrease its revenue, as this fee might have been a significant part of its income. This could lead to a decrease in its stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100