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Wonder is acquiring Grubhub

(about.grubhub.com)
146 points endtwist | 5 comments | 13 Nov 24 19:12 UTC | HN request time: 0s | source
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jaymzcampbell ◴[13 Nov 24 19:21 UTC] No.42129011[source]▶
Mentions the $650mln they'll pay Just Eat for it, neglects the fact Just Eat paid $7.3bln. Quite the write down. And in just 4 years.
replies(3): >>42129050 #>>42129443 #>>42132010 #
popcalc ◴[13 Nov 24 19:24 UTC] No.42129050[source]▶
Where did all the money go?
replies(9): >>42129084 #>>42129086 #>>42129088 #>>42129194 #>>42129289 #>>42129662 #>>42130301 #>>42131997 #>>42132694 #
1. fakedang ◴[13 Nov 24 20:31 UTC] No.42129662[source]▶
FAANG salaries and freebies.
replies(1): >>42130332 #
2. jonny_eh ◴[13 Nov 24 21:42 UTC] No.42130332[source]▶
FAANG wasn't involved at any point
replies(1): >>42135399 #
3. robertlagrant ◴[14 Nov 24 12:03 UTC] No.42135399[source]▶
But FAANG-level salaries, right? To compete?
replies(1): >>42138145 #
4. jonny_eh ◴[14 Nov 24 16:55 UTC] No.42138145{3}[source]▶
That's called fair market compensation.
replies(1): >>42138247 #
5. robertlagrant ◴[14 Nov 24 17:02 UTC] No.42138247{4}[source]▶
I'm not saying it's not. Please read the previous comment for context.