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Uber Lays Off More Than 180 Postmates Employees, Including CEO Bastian Lehmann
Sunday, January 24, 2021 - 11:03am | 251Read More...Uber Technologies Inc (NYSE: UBER) on Thursday laid off roughly 185 people from its Postmates division, the New York Times has reported. What Happened: Uber bought Postmates last year for $2.65 billion. According to the New York Times, the layoffs affected most of the executive team at...
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GrubHub Ditches Uber For Europe's Just Eat: What The Street Thinks
Thursday, June 11, 2020 - 11:15am | 769Read More...Food delivery company GrubHub Inc (NYSE: GRUB) agreed to sell itself to Europe's JUST EAT TAKEAW/ADR (OTC: TKAYY) Wednesday in an all-stock transaction for $75.15 per GrubHub share. The announcement follows reports that Uber Technologies Inc (NYSE: UBER) was looking to buy GrubHub for around $...
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European Food Delivery Company To Buy Grubhub After Uber Talks Fall Through
Thursday, June 11, 2020 - 1:32am | 428Read More...Just Eat Takeaway.com N.V. (OTC: TKAYF), a European food delivery company, will purchase Grubhub Inc. (NYSE: GRUB) in an all-stock deal. What Happened The deal values Grubhub shares at $75.15, which gives the Chicago-based food delivery firm an implied value of $7.3 billion calculated on...
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Uber Continues To Lose Ground In UK As McDonald's Signs Just Eat As Delivery Partner
Wednesday, January 29, 2020 - 5:41am | 392Read More...Uber Eats is no longer an exclusive partner of McDonald's Corporation (NYSE: MCD), as the latter has signed Just Eat PLC (OTC: JSTLF) as its second exclusive food delivery partner in the United Kingdom and Ireland on Tuesday. What Happened "We are delighted to announce that we have...
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For Grubhub, The UK Could Be A More Attractive Market Than The US
Tuesday, August 16, 2016 - 1:50pm | 271Read More...David Reynolds, an analyst at Jefferies, initiated coverage of GrubHub Inc (NYSE: GRUB) Tuesday with a Hold rating and $43 price target. Part of the reason for the Hold rating is the company's "complex" business with "little transparency." According to Reynolds, GrubHub...
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Uber Launches Meal Delivery Initiative UberEATS In 2 European Cities
Thursday, June 16, 2016 - 12:11pm | 199Read More...UberEATS, a meal delivery service app from Uber is now available in London and Paris, in addition to 15 other cities across the world, according to a Reuters report. The service, which launched in London on Thursday, works similarly to the ride-hailing parent company in that users can order food at...
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Just Eat Vs. GrubHub
Wednesday, May 13, 2015 - 9:23am | 799Read More...In a report published Wednesday, Citigroup analyst Christopher J McVey pitted JUST EAT PLC (OTC: JSTLF) against GrubHub Inc (NYSE: GRUB) in a head-to-head battle of two giants in the Online Food Ordering (OFO) sector. According to McVey, the OFO sector is one of the "most dynamic" in...
