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Wonder is acquiring Grubhub

(about.grubhub.com)
146 points endtwist | 1 comments | | HN request time: 0.001s | source
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jaymzcampbell ◴[] 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.
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popcalc ◴[] No.42129050[source]
Where did all the money go?
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rpcope1 ◴[] No.42129088[source]
Well, when you're in the business of selling a dollar for eighty cents, all the money probably got flushed down the toilet.
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0x0000000 ◴[] No.42129451[source]
How were they selling a dollar for 80 cents? The actual food is more expensive on grubhub than ordering through the restaurant, and then there are multiple fees on top of that.
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makestuff ◴[] No.42130074{4}[source]
Tons of marketing/advertising. The free GrubHub+ subscription through prime probably burned through a lot of cash. I doubt Amazon was paying them very much (if anything) to Grubhub. Then you have all of the corporate staff (around 3k based on google search) who are highly paid.
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1. SoftTalker ◴[] No.42130110{5}[source]
And the competition from UberEats and Doordash, who also are constantly promoting discounts, free orders, etc. so there's almost no way they can recoup actual costs let alone turn a profit.