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Rivals eat away at Grubhub's meal ticket; Stock slides 40% amid tales of fierce fight for customers

Oct 30, 2019 - Chicago Tribune
Financial Results

Grubhub is fighting for orders among "promiscuous" diners, and that could mean more restaurant options and better deals for consumers who want to eat restaurant-prepared meals on their couch.

Shares in the Chicago-based company closed down more than 40% Tuesday after Grubhub cut revenue expectations for the year and warned that the online food ordering and delivery marketplace was getting too crowded.

Rivals such as Uber Eats, DoorDash and Postmates also are looking for ways to stand...