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StockNews.com
StockNews.com
Business
Anushka Dutta

What Does This Company’s New Deal With Grubhub Mean for Its Stock?

Amazon.com, Inc. (AMZN) is a renowned e-commerce behemoth with a global market presence. The company operates through its three broad segments of North America; International; and Amazon Web Services (AWS).

Recently, AMZN announced a deal with Grubhub, an online food delivery platform that would allow U.S. Amazon Prime members to sign up for a free one-year Grubhub+ membership and get free unlimited deliveries. AMZN is also expected to become a stakeholder in the Grubhub business. This provides the company the chance to heighten its Prime Service’s appeal.

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