Amazon Strikes Deal With Grubhub as Food Delivery Struggles
The e-commerce giant could take a stake in Grubhub, which is under pressure as delivery demand falls, labor shortages bite and new regulations reduce profits.
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The e-commerce giant could take a stake in Grubhub, which is under pressure as delivery demand falls, labor shortages bite and new regulations reduce profits.
The online food delivery service business is projected to reach a year-end revenue of $66.56 billion.
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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.
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