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Technology Stocks : Uber Technologies and Lyft Inc. IPOs
UBER 92.75-2.1%Nov 5 3:59 PM EST
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From: Glenn Petersen5/31/2020 10:39:32 AM
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The bad numbers are likely the reason Uber is now in talks to buy Grubhub, in the hope that more market power will translate to more profits. The scale created by the merger could potentially add up to a viable business, Kitchen Fund’s Fleischmann said, but it still might not survive outside the top five markets for delivery—New York City, San Francisco, Miami, Boston, and L.A.—especially in a post-pandemic recession.

During the Pandemic, Grubhub Should Be Thriving. It’s Not

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