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The Latest Breaking News from Grubhub

Morning Brief: Top Financial Stories Dominating on Wednesday, April 20

CNBC

Benzinga

Just Eat Explores Grubhub Sale As It Sees Corrections Following Pandemic Recovery

Just Eat Takeaway.com NV (OTC:JTKWY) weighed a partial or complete sale of its Grubhub unit less than a year after buying it for $7.3 billion. Just Eat Takeaway.com explored strategic actions for the U.S. division after losing an unusually high level of customers across its key markets, Bloomberg reports. CEO Jitse Groen saw the business as…

Benzinga

Just Eat Takeaway explores GrubHub sale and promises profit as orders fall

Just Eat Takeaway has become the latest company to feel the squeeze from soaring inflation and the rising cost of living as it announced a major shift in its strategy.

Evening Standard

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Just Eat Takeaway considers selling US arm Grubhub as orders fall

After Covid lockdown boom, orders dropped by 1% to 264.2m in first three months of 2022

The Guardian - UK

Latest apps promise fast service but can they deliver?

Venture capitalists have poured billions into the latest pandemic delivery craze: companies that promise to get you a bottle of Tylenol, an iced coffee, hummus, a cucumber and a roll of paper towels

The Independent UK

Sky-high delivery app fees are killing my restaurant, owner says months after pandemic cap lifted

TaKorea Cocina’s owner said last year he paid nearly $100K to third-party apps, which have become so popular restaurants have no choice but to use them — even if it could force them out of business.

Chicago Sun-Times

‘Pattern’ of gig worker murders reveals safety gaps: labour group

More than 50 US gig workers have been murdered while working since 2017, according to a report by a US labour group.

Al Jazeera

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Here's Why Mizuho Views Uber As Top Pick

Mizuho analyst James Lee kept a Buy rating on Uber Technologies Inc (NYSE:UBER) with a $72 price target (100% upside). Lee reiterated Uber as a top pick in the U.S. Washington passed a new law that enabled gig drivers to remain as contractors while receiving benefits like injury protection and paid medical leave. The law…

Benzinga

Delivery robots with Russian ties pulled from 2 US campuses

Two U.S. university campuses are losing their food-delivery robots for now because of Russia’s invasion of Ukraine

The Independent UK

Grubhub Shows That Food Delivery Alone Won’t Bring Profits

The restaurant delivery company launches a Grubhub Goods convenience store service after a rough 2021.

The Street

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