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Wonder is acquiring Grubhub

(about.grubhub.com)
146 points endtwist | 2 comments | 13 Nov 24 19:12 UTC | HN request time: 0.403s | 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. Yeul ◴[14 Nov 24 02:58 UTC] No.42132694[source]▶
This is a winner takes all market. They spend it on becoming the US leader.

Every country has one platform that wins, everyone else loses the billions. There's no second place.

replies(1): >>42133789 #
2. paulddraper ◴[14 Nov 24 07:10 UTC] No.42133789[source]▶
There's zero reason for it to be winner take all.

UberEats, DoorDash, whoever