Grubhub Merges With Just Eat Takeaway in $7.3 Million Deal
Can Yelp Grow Its Share of This $23 Billion Industry?
Yelp’s acquisition of Nowait can be seen as another step to grow its portfolio of restaurant-oriented apps and get a larger share of digital advertising.
Why Yelp Is Partnering with GrubHub
For Yelp and GrubHub, the deal goes beyond trading Eat24.
How Yelp Avoided a Head-On Collision with Alibaba
About six months after Yelp closed the sale of its online food delivery service, Alibaba announced that it was taking full ownership of the food delivery service Ele.me.
Order Food with Amazon’s New Prime Now Application
Amazon Prime members can now view menus and order food with the new Prime Now application.
Uber Stock Surges 3% on Postmates Buyout Talks
Uber (NYSE:UBER) stock rose 2.9% in pre-market trading at 5:59 AM ET today. There were reports that the company might acquire Postmates.
Uber Technologies Stock Moves on after GrubHub Upset
Uber stock has rallied due to strength in the food delivery business. The stock has risen 18% since the company reported its first-quarter results.
Why 2020 Looks Like a Bad Omen for Uber Stock
Despite the demand for online delivery services, Uber stock hasn’t shown convincing growth this year. So far, 2020 hasn’t been good for the company.
GrubHub Will Be Acquired by Just Eat, Uber Talks Fail
GrubHub stock rose close to 6% in extended trading on Wednesday. The company plans to merge with Just Eat Takeaway.com in an all-stock transaction.
Uber Stock Rebounds, Trades at a Discount Right Now
Uber Technologies (NYSE:UBER) has seen the demand for its ride-hailing service return following the pandemic-driven slump in the first quarter.
Why Uber Stock Investors Might Be Concerned
At $33 at Wednesday’s closing, Uber stock has gained 11% year-to-date. The stock has pulled up 140% from its pandemic lows.
Jim Cramer Favors Uber-GrubHub Buyout: Is He Right?
Uber Technologies (NYSE:UBER) wants to buy GrubHub (NYSE:GRUB) to create the largest meal delivery company in the US. Jim Cramer loves the idea.
Why Uber Stock Could Benefit from Acquiring GrubHub
Uber controls a 20% share of the US food delivery market, while GrubHub has a 28% share of the market. GrubHub could make Uber stock more attractive.
Uber’s Co-Founder Switches Gears after Its Stock Tumbles
Uber Technologies (NYSE:UBER) stock wrapped up March more than 6.0% lower for the year. The stock fell by about 18% in March.
3 Takeaways from Uber and DoorDash Merger Talks
The Uber and DoorDash merger talks ended without a deal. However, the companies are willing to reopening the talks.
Why GrubHub Stock Soared Yesterday
Shares of leading food delivery company GrubHub (NYSE:GRUB) gained 12.6% yesterday. So, what caused shares to rise by a double-digit percentage?
Uber Loses Its License in London: What Happens Next?
Uber lost its license to operate in London on November 25. London’s transport regulator, Transport for London, cited a “pattern of failures” by the company.
Should Lyft Have You Feeling as Positive as Analysts?
Lyft’s (LYFT) and Uber’s (UBER) renewed focus on profits has turned analysts around on them despite their stocks doing poorly since their IPOs.
Uber Stock: Is Analysts’ Turnaround Justified?
Uber (UBER) stock got a rating upgrade from Stifel on November 22. The company is once again gaining favor among analysts.
Xerox-HP Offer: Why Jim Cramer Remains Skeptical
Last week, HP (HPQ) received a deal offer of $22 per share from Xerox Holdings (XRX). A Xerox-HP deal would consolidate the printing industry.
How Alibaba is Building Up Its Yelp Alternative
Ele.me, the online food delivery startup that Alibaba (BABA) is on the verge of swallowing, operates in more than 600 cities and reaches millions of consumers.
Yum! Brands Stock Falls, Misses Q3 Earnings Estimate
So far, Yum! Brands (YUM) stock has fallen 8.5% as of 12:25 PM ET today. The company reported lower-than-expected earnings for the third quarter.
Why Has GrubHub Stock Fallen 40% Today?
GrubHub (GRUB) shares have fallen almost 40% at the time of this writing. The company announced its third-quarter earnings today.
Tesla Bear Jim Chanos Shorting Grubhub, DaVita
On September 19, at Delivering Alpha Conference, Jim Chanos said Grubhub (GRUB) is a very good short. He said that Guruhub is almost not making any money.
Grubhub Partners with McDonald’s for Delivery
Grubhub (GRUB) has partnered with leading fast-food chain McDonald’s (MCD). According to the press release, Grubhub will be McDonald’s delivery partner.
Grubhub Stock Falls on Q2 Earnings Miss
Grubhub stock (GRUB) is trading 11.5% lower today.
PayPal Accuses Lenmo of Trademark Infringement
PayPal has sued a little-known loans startup for trademark infringement. The startup in question is Lenmo, a peer-to-peer lending platform.
Why PayPal Is Eager for More Uber-Like Investments
PayPal (PYPL) invested $500 million in the purchase of a stake in Uber (UBER) just before the company went public in May. At a recent Bloomberg conference in London, PayPal CEO Dan Schulman said that the company was open to making more strategic investments like it did in Uber.
Door Dash Raises $600 Million and Gives GrubHub Run for Its Money
Food-delivery company Door Dash just raised $600 million in a Series G funding.
GrubHub’s Revenue Grows despite Fierce Competition
Online food delivery company GrubHub (GRUB) announced its first-quarter results on April 25, beating analysts’ top-line and earnings estimates.
What’s in the Food Delivery Business for Square?
With its Caviar online food ordering and delivery business, Square (SQ) is vying for a multibillion-dollar revenue opportunity.
Where Does Square Rank in the Food Ordering Market?
Square (SQ) runs an online food ordering and delivery business called Caviar.
Why GrubHub Stock Tanked 8.4% on March 19
GRUB has now fallen more than 50% since hitting an all-time high of $149.35 in September 2018.
Amazon Reminds GrubHub It Still Exists
Earlier this month, Amazon (AMZN) introduced its food delivery service, Amazon Restaurants, in Richmond, Virginia.
Here Are Big Brands Helping PayPal Make Money from Venmo?
Venmo processed transactions worth $19 billion in the fourth quarter and $62 billion in 2018.
Can Square Keep Up the Pace in the Fastest-Growing Division?
Square (SQ) operates three main business divisions: Transaction, Subscription and Services, and Hardware.
PayPal’s Venmo Monetizable Base Is Expanding
More than 2.0 million merchants in the United States accept Venmo payments.
GrubHub Stock Fell 8.8% on October 26
GrubHub (GRUB) stock has fallen over 36.5% this month and the stock closed trading at $87.95 on October 26
Caviar: Square’s Omnichannel Driver
Square (SQ) is set to release its third-quarter results at a time when Caviar is taking a position as a key piece of its omnichannel strategy.
Why Blue Apron Revised Its Revolving Credit Agreement
Blue Apron (APRN) has a revolving credit agreement with a syndication of lenders led by Morgan Stanley (MS).
Why GrubHub Is Buying Tapingo
GrubHub (GRUB) has struck a deal to acquire campus food-ordering platform Tapingo.
The Rise of Venmo’s Importance to PayPal
PayPal (PYPL) is giving its Venmo business a lot of attention lately.
What’s GrubHub Cooking Up?
GrubHub (GRUB) has recently closed on a deal to acquire mobile ordering and payment platform LevelUp.
Steps Square Has Taken to Grow Its Caviar Business
In an effort to capture a larger share of the food delivery market, Square is integrating Caviar with Square for Restaurants.
Uber Picks Up PayPal’s Venmo
PayPal (PYPL) recently struck a deal to make Venmo a payment option for Uber riders.
Google Hires Former Yelp Head of Corporate Communications
Yelp’s revenues rose 13.0% YoY to $223.1 million in Q1 2018.
Square Wants to Clear Up Doubts about Caviar’s Value
Although Caviar may be an underdog in the online food delivery market, Square is starting to show that it didn’t make a mistake by acquiring it.
Square’s Caviar Challenges GrubHub’s Eat24 and UberEats
Caviar is a component of Square’s Subscription and Services segment, which saw its revenues jump 95.0% to $253.0 million in Q1 2018.
Square Looking in Grubhub’s Direction
Square (SQ) has launched a software platform for running all restaurant operations to strengthen Caviar, its online food ordering and delivery business.
Square Paying $2.2 Million to Settle Caviar Lawsuit
Square (SQ) has agreed to release $2.2 million to certain customers of its online food delivery service, Caviar, to settle allegations of a fake tipping program.
What Uber’s CEO Had to Say at Recode’s Code Conference
Ride-hailing giant Uber’s CEO Dara Khosrowshahi said during Recode’s Code Conference that the company intends to go public in the second half of 2019.
Grab’s Move after Taking Over Uber’s Southeast Asia Operations
Southeast Asian ride-hailing company Grab recently acquired Uber’s assets in the region.
Here’s How Uber Performed in Q1
Ride-hailing giant Uber has continued to consolidate under its new boss, Dara Khosrowshahi.
Here’s What Wall Street Is Saying about Groupon
With Groupon’s (GRPN) 1Q18 earnings report around the corner, Wall Street seems divided on the company’s prospects.
How a Yelp-GrubHub Deal Could Impact Groupon
Groupon is scheduled to report its 1Q18 earnings results less than two months after its partner GrubHub completed a platform integration with Yelp.
Yelp: Was Eat24 a Failed Venture?
Yelp (YELP) is expected to report its 1Q18 financial results on May 10.
18 Earnings Reports We’re Watching Closely Next Week
Last big week of earnings kicks off with not a lot to show for it in the market The week of April 30 is an exciting one in terms of earnings, and here are 18 companies we will be watching closely: Monday McDonald’s Corporation (NYSE: MCD) – before the market opens – great year last […]
Revisiting the Yelp-GrubHub Partnership
On March 19, Yelp (YELP) announced that it had completed the integration of GrubHub’s (GRUB) restaurant network onto its platform.
A Survey of Key Developments at Yelp
Last year, Yelp (YELP) took a number of steps to stimulate growth and minimize risks.
How Square’s New Products Are Performing
Square (SQ) has introduced several new products since 2014 to expand its ecosystem and complement its core offering.
Yandex’s Taxi Business: What You Need to Know
In February, Yandex and Uber completed a transaction to combine their ride-hailing businesses in Russia and neighboring countries under a joint venture.
GrubHub Soars on 4Q17 Results
GrubHub (GRUB) saw its stock rise 30% in February 2018.
Why Acacia Communications Stock Fell after 4Q17 Results
Acacia Communications (ACIA) stock fell 11.5% to close at $37.05 on February 23, 2018.
Yelp Closes Sale of Eat24 and Bags $251.7 Million
A strategic partnership Yelp (YELP) has closed the previously announced sale of its food-ordering business, Eat24. It sold the business to Grubhub (GRUB), a US-based (SPY) provider of online and mobile food ordering and delivery services. The sale of Eat24 was part of a strategic partnership between Yelp and Grubhub. The partnership involves integrating Grubhub […]
Parsing Yelp’s Spin-Off of Eat24
Yelp (YELP) is spinning off its food-ordering service Eat24. It’s selling the business to GrubHub (GRUB), which already owns a number of restaurant-oriented apps.
Why Selling Eat24 to GrubHub Is a Good Thing for Yelp
Yelp to sell Eat24 to GrubHub GrubHub (GRUB) has announced that it will be acquiring food delivery service company Eat24 from Yelp (YELP) for $287.5 million. Yelp announced its fiscal 2Q17 numbers on Thursday, August 3, and the stock has surged 20% to $37 since the results came out. The deal could be a positive […]
Amazon Continues to Expand Its Online Food Delivery Service
Amazon (AMZN) has become a serious player in the online food delivery service. The company expanded its one-hour food delivery service to Manhattan and Dallas a few days ago.
Amazon Launches Amazon Flex for 1-Hour Deliveries
Amazon rolled out a program called Amazon Flex, which utilizes a network of independent contractors. These on-demand contractors deliver products to customers by signing up for shifts through an app.
Groupon Enters the Food Delivery Services Market
Groupon plans to partner with non-delivery restaurants to gain a competitive edge in the growing food delivery market.