(about.grubhub.com)

146 points endtwist | 1 comments | 13 Nov 24 19:12 UTC | HN request time: 0.001s | source

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bsimpson ◴[13 Nov 24 19:20 UTC] No.42129006[source]▶

Those weird ghost kitchen things have more than half a billion dollars to spend on acquisitions?!

I wonder how this came to be - did they already have that big of a war chest, or did they hear they could buy a name brand and go back to their investors to finance it?

replies(10): >>42129013 #>>42129028 #>>42129215 #>>42129359 #>>42129375 #>>42129794 #>>42130261 #>>42130494 #>>42132018 #>>42134445 #

xyst ◴[13 Nov 24 20:44 UTC] No.42129794[source]▶

>>42129006 #

They don’t have jack shit. It’s all based on hype, keep the train rolling so the early investors can get their cut while the other suckers hold the bag

replies(1): >>42130631 #

1. akudha ◴[13 Nov 24 22:07 UTC] No.42130631[source]▶

>>42129794 #

I suppose these career options have relatively much higher chances of making good money:

1. Become a corporate lawyer, charge by the hour - win or lose, lawyers get paid

2. Run a soulless media company - rake in the ad dollars from both parties (during elections) and other soulless companies spending VC money on advertising (all the time)

3. Be early investor, pump and dump

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Wonder is acquiring Grubhub