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GrubHub Pops As Amazon Exits Restaurant Delivery In The US

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Chicago-based GrubHub is rallying early Tuesday, up 5.49%, after Amazon said it plans to shut down its restaurant-delivery service in the US by the end of the month. The program, which started in Seattle in 2015, was eventually offered in 20 cities across the country. The US's restaurant-delivery business has become a crowded space, with competitors like UberEats, DoorDash, and GrubHub all making their presence known. Tuesday's announcement comes seven months after Amazon discontinued its delivery service in the UK.

Added on the 11/06/2019 08:47:35 - Copyright : Wochit

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