All eyes are on the third-party delivery industry again after The Wall Street Journal ran a piece last week about Grubhub considering a sale or acquisition. In a shareholder letter timed to coincide with the company’s most recent earnings report in October 2019, CEO Matt Maloney outlined — in great detail — the challenges the company was facing, largely thanks to the increased competition and the pace of business growth.
What's going to happen to Grubhub?
All eyes are on the third-party delivery industry again after The Wall Street Journal ran a piece last week about Grubhub considering a sale or acquisition. In a shareholder letter timed to coincide with the company’s most recent earnings report in October 2019, CEO Matt Maloney outlined — in great detail — the challenges the company was facing, largely thanks to the increased competition and the pace of business growth.