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Just Eat is selling Grubhub to Marc Lore’s Wonder for $650M (www.theverge.com)

submitted 22 hours ago by [email protected] to c/[email protected]

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[–] [email protected] 9 points 19 hours ago (1 children)

You mean people don't like paying 50-100% more for food? And having it be subpar because of delivery times. I'm shocked. When they had a lot of deals going on it wasn't so bad, but that's mostly over.

About the only time I "use" them is when restaurants basically use them as their online menu.

[–] [email protected] 1 points 16 hours ago* (last edited 16 hours ago)

One of the restaurants by me let's you use either GrubHub or chownow when you order online. The prices are like 20% different between the two. It's been a while so I forget which one is the more expensive.

[–] [email protected] 10 points 20 hours ago (1 children)

To be clear, they are buying Grubhub for $150 million, and taking on 500m in Grubhub debt.

Lol, $150million.

[–] [email protected] 4 points 20 hours ago (1 children)

Yeah especially Four years ago it was worth $7.3 billion https://edition.cnn.com/2024/11/13/investing/grubhub-sale-wonder/index.html

[–] [email protected] 8 points 20 hours ago

Four years ago was during COVID.