GrubHub Inc

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 stock has rallied due to strength in the food delivery business. The stock has risen 18% since the company reported its first-quarter results.

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 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 Technologies (NYSE:UBER) has seen the demand for its ride-hailing service return following the pandemic-driven slump in the first quarter.

At $33 at Wednesday’s closing, Uber stock has gained 11% year-to-date. The stock has pulled up 140% from its pandemic lows.

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.

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 Technologies (NYSE:UBER) stock wrapped up March more than 6.0% lower for the year. The stock fell by about 18% in March.

The Uber and DoorDash merger talks ended without a deal. However, the companies are willing to reopening the talks.

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 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.

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 (UBER) stock got a rating upgrade from Stifel on November 22. The company is once again gaining favor among analysts.

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.

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.

GrubHub (GRUB) shares have fallen almost 40% at the time of this writing. The company announced its third-quarter earnings today.

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 (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 (GRUB) is trading 11.5% lower today.

PayPal has sued a little-known loans startup for trademark infringement. The startup in question is Lenmo, a peer-to-peer lending platform.

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.

Food-delivery company Door Dash just raised $600 million in a Series G funding.

Online food delivery company GrubHub (GRUB) announced its first-quarter results on April 25, beating analysts’ top-line and earnings estimates.

With its Caviar online food ordering and delivery business, Square (SQ) is vying for a multibillion-dollar revenue opportunity.

Square (SQ) runs an online food ordering and delivery business called Caviar.

GRUB has now fallen more than 50% since hitting an all-time high of $149.35 in September 2018.

Earlier this month, Amazon (AMZN) introduced its food delivery service, Amazon Restaurants, in Richmond, Virginia.

Venmo processed transactions worth $19 billion in the fourth quarter and $62 billion in 2018.

Square (SQ) operates three main business divisions: Transaction, Subscription and Services, and Hardware.

More than 2.0 million merchants in the United States accept Venmo payments.

GrubHub (GRUB) stock has fallen over 36.5% this month and the stock closed trading at $87.95 on October 26

Blue Apron (APRN) has a revolving credit agreement with a syndication of lenders led by Morgan Stanley (MS).

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.

GrubHub (GRUB) has struck a deal to acquire campus food-ordering platform Tapingo.

PayPal (PYPL) is giving its Venmo business a lot of attention lately.

GrubHub (GRUB) has recently closed on a deal to acquire mobile ordering and payment platform LevelUp.

In an effort to capture a larger share of the food delivery market, Square is integrating Caviar with Square for Restaurants.

PayPal (PYPL) recently struck a deal to make Venmo a payment option for Uber riders.

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 (SQ) has launched a software platform for running all restaurant operations to strengthen Caviar, its online food ordering and delivery business.

Yelp’s revenues rose 13.0% YoY to $223.1 million in Q1 2018.

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 (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.

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.

Southeast Asian ride-hailing company Grab recently acquired Uber’s assets in the region.

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.

Ride-hailing giant Uber has continued to consolidate under its new boss, Dara Khosrowshahi.

With Groupon’s (GRPN) 1Q18 earnings report around the corner, Wall Street seems divided on the company’s prospects.

Groupon is scheduled to report its 1Q18 earnings results less than two months after its partner GrubHub completed a platform integration with Yelp.

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.

Yelp (YELP) is expected to report its 1Q18 financial results on May 10.

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 […]

On March 19, Yelp (YELP) announced that it had completed the integration of GrubHub’s (GRUB) restaurant network onto its platform.

Last year, Yelp (YELP) took a number of steps to stimulate growth and minimize risks.

Square (SQ) has introduced several new products since 2014 to expand its ecosystem and complement its core offering.

In February, Yandex and Uber completed a transaction to combine their ride-hailing businesses in Russia and neighboring countries under a joint venture.

GrubHub (GRUB) saw its stock rise 30% in February 2018.

Acacia Communications (ACIA) stock fell 11.5% to close at $37.05 on February 23, 2018.

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 […]

For Yelp and GrubHub, the deal goes beyond trading 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.

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 […]

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.

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 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.

Amazon Prime members can now view menus and order food with the new Prime Now application.

Groupon plans to partner with non-delivery restaurants to gain a competitive edge in the growing food delivery market.