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Wonder is acquiring Grubhub

(about.grubhub.com)
146 points endtwist | 1 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 #
rpcope1 ◴[13 Nov 24 19:29 UTC] 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.
replies(3): >>42129098 #>>42129301 #>>42129451 #
0x0000000 ◴[13 Nov 24 20:11 UTC] 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.
replies(3): >>42129611 #>>42130074 #>>42135352 #
1. robertlagrant ◴[14 Nov 24 11:56 UTC] No.42135352[source]▶
If you're in zero interest rate policy, money looks like it's worth almost nothing.