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The Latest Breaking News from Grubhub

‘This can’t be real’: Grubhub promotion turns New York City restaurants into a ‘war zone’

The deal resulted in 6,000 New Yorkers placing an order every minute, overwhelming kitchens and delivery workers

The Guardian - US

Grubhub offered free lunches in New York City. That's when the chaos began

Yesterday was a bad day for Grubhub. The food delivery service launched a free lunch promotion for people in New York City. And spoiler alert: it backfired.

WEKU

Grubhub customers learn there's no such thing as a free lunch after all

Grubhub’s attempts to drum up buzz for its food-delivery service by offering “free” lunch in New York didn’t exactly generate the kind of publicity the company was hoping for.

Tribune News Service

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Grubhub customers report issues during New York City free lunch promo

Grubhub customers reported down servers and closed restaurants during free lunch promo on Tuesday

The Independent UK

Just Eat Takeaway COO investigated over ‘personal misconduct’ claim

The company has withdrawn a vote on Jörg Gerbig’s re-election to the board and management team, amid a formal investigation

Evening Standard

Grubhub Plans New Pay Card To Give New Choices For Corporate Clients

Just Eat Takeaway.com (OTC:JTKWY) owned food-ordering and delivery marketplace Grubhub will be offering a corporate pay card to help drive orders to local restaurants. The corporate pay card will increase order flexibility for in-office and at-home employees. The new Grubhub Pay Card will allow employees working for companies with a Grubhub corporate account to…

Benzinga

The only easy decision for Bulb’s future: stop paying its CEO

Failed energy firm poses political puzzle for business secretary with wholesale markets still in turmoil

The Guardian - UK

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Activist targets Just Eat finance chief over ‘betrayal of trust’

Cat Rock wants fellow shareholders to vote against the re-election at the AGM next week

Evening Standard

Just Eat Takeaway investors should vote to fire board, says activist shareholder

Cat Rock Capital says Just Eat ‘torpedoed’ share price by providing misleading outlook before Grubhub takeover

The Guardian - UK

Just Eat Takeaway’s US adventure now looks like a terrible mistake

Jitse Groen was over-ambitious with two mega-transactions in quick succession

The Guardian - UK

Morning Brief: Top Financial Stories Dominating on Wednesday, April 20

CNBC

Benzinga

Just Eat Explores Grubhub Sale As It Sees Corrections Following Pandemic Recovery

Just Eat Takeaway.com NV (OTC:JTKWY) weighed a partial or complete sale of its Grubhub unit less than a year after buying it for $7.3 billion. Just Eat Takeaway.com explored strategic actions for the U.S. division after losing an unusually high level of customers across its key markets, Bloomberg reports. CEO Jitse Groen saw the business as…

Benzinga

Just Eat Takeaway explores GrubHub sale and promises profit as orders fall

Just Eat Takeaway has become the latest company to feel the squeeze from soaring inflation and the rising cost of living as it announced a major shift in its strategy.

Evening Standard

Just Eat Takeaway considers selling US arm Grubhub as orders fall

After Covid lockdown boom, orders dropped by 1% to 264.2m in first three months of 2022

The Guardian - UK

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The Independent UK

Latest apps promise fast service but can they deliver?

Venture capitalists have poured billions into the latest pandemic delivery craze: companies that promise to get you a bottle of Tylenol, an iced coffee, hummus, a cucumber and a roll of paper towels

Chicago Sun-Times

Sky-high delivery app fees are killing my restaurant, owner says months after pandemic cap lifted

TaKorea Cocina’s owner said last year he paid nearly $100K to third-party apps, which have become so popular restaurants have no choice but to use them — even if it could force them out of business.

Al Jazeera

‘Pattern’ of gig worker murders reveals safety gaps: labour group

More than 50 US gig workers have been murdered while working since 2017, according to a report by a US labour group.

Benzinga

Here's Why Mizuho Views Uber As Top Pick

Mizuho analyst James Lee kept a Buy rating on Uber Technologies Inc (NYSE:UBER) with a $72 price target (100% upside). Lee reiterated Uber as a top pick in the U.S. Washington passed a new law that enabled gig drivers to remain as contractors while receiving benefits like injury protection and paid medical leave. The law…

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news in one place.

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The Independent UK

Delivery robots with Russian ties pulled from 2 US campuses

Two U.S. university campuses are losing their food-delivery robots for now because of Russia’s invasion of Ukraine

The Street

Grubhub Shows That Food Delivery Alone Won’t Bring Profits

The restaurant delivery company launches a Grubhub Goods convenience store service after a rough 2021.

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