Tag: grubhub

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Yelp, Grubhub Partner Up With Eat24 Deal

GrubHub has agreed to pay $287.5 million to acquire Eat24 from Yelp, which had purchased the provider of a food delivery service in a deal valued at $134 million in 2015. GrubHub and Yelp have also announced a five-year partnership […]

Uber Launches Stand-Alone UberEATS App

Uber Launches Stand-Alone UberEATS App

While Uber has enjoyed considerable success with its car service, the company is hoping to become a major player in the food delivery market with the launch a stand-alone app represented by a simple fork icon. Uber builds off ride-hailing […]

GrubHub Facing Serious Challenge From Amazon

GrubHub Facing Serious Challenge From Amazon

GrubHub shares slipped on Wednesday as investors pondered the implications of Amazon’s new competing service called Amazon Restaurants. The stock fell 3.49% to close the day at $26.86 per share, likely because Amazon already poses a serious threat for the […]

GrubHub Inc Downgraded For Competition, Execution Risks

GrubHub Inc Downgraded For Competition, Execution Risks

GrubHub shares continued to struggle today after a downgrade from Barclays on Wednesday. The firm’s analysts are cautious on local internet firms in general, but they’ve become especially concerned about GrubHub in light of rising competition from startups. The bearish […]