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Grubhub customers could receive FTC payments
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Here's how it collapsed. June 2021. Just Eat Takeaway completes its acquisition of Grubhub. $7.3 billion all-stock deal. Height of the pandemic. Food delivery booming. The plan is create the world's largest food delivery company outside China. Grubhub stockholders received 30% of the combined company. What happened next: 2021: Pandemic delivery boom starts fading. Competition intensifies. DoorDash and Uber Eats dominate the US market. Grubhub bleeds market share. 2022: Activist investor Cat Rock
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