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Wonder is acquiring Grubhub

about.grubhub.com

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Re: Wonder is acquiring Grubhub

#151
post #74
post #43

Earlier quoted context omitted.

[flagged]

The whole comment was about how hard it is to wrangle 10+ people. How is that digital, or not real life? It's literally a group of people spending time together face to face.

Being a host isn't hard at all.

You just have to care and prepare.

They are offloading their responsibilities and then complaining about friction. It is an extremely privileged and shallow take.

Re: Wonder is acquiring Grubhub

#152
post #110
post #46

This part feels like The Onion. 30 private taxis coordinating for your meal. "customers can order from upwards of 30 restaurants in a single order, with each item being made-to-order in a sequenced fashion so that they finish simultaneously and can be delivered to the customer together."

Its a ghost kitchen. It isn't 30 restaurants, its one restaurant with 30 brands. This idea was tried years ago (they'd claim to be the first) by a company based out of Indianapolis named Clustertruck ( https://www.clustertruck.com/); though their branding was more "one restaurant, 30 food truck brands". The aim was: you can order a bunch of stuff, the software in the kitchens times it to all come out at the same time…

I was in Bloomington for college and ordered from ClusterTruck multiple times. I did think the food was notably more fresh than other delivery services.

Re: Wonder is acquiring Grubhub

#153
post #3

Those weird ghost kitchen things have more than half a billion dollars to spend on acquisitions?! I wonder how this came to be - did they already have that big of a war chest, or did they hear they could buy a name brand and go back to their investors to finance it?

They've raised $1.9B in funding over 6 funding rounds. How? Because their founder is Marc Lore:

> Lore was the CEO and co-founder of Quidsi, the parent company of a family of websites, including Diapers.com. Quidsi was sold in 2011 to Amazon for $545 million.

> Lore was appointed in September 2016 to lead Walmart's e-commerce division when his company Jet.com—an e-commerce website launched in 2014—was acquired by Walmart, Inc. Walmart purchased Jet for $3.3 billion.

https://www.crunchbase.com/search/funding_rounds/field/organ...

Re: Wonder is acquiring Grubhub

#154
post #71

Earlier quoted context omitted.

Early investors had already “sold” the company well before this transaction: https://about.grubhub.com/news/grubhub-stockholders-approve-... It was an all stock transaction, so they maintained an indirect stake but it was significantly diluted: https://en.wikipedia.org/wiki/Just_Eat_Takeaway.com Meanwhile Just Eat Takeaway investors got taken for a ride.

This does not seem like pump and dump: https://www.investopedia.com/terms/p/pumpanddump.asp

The degree to which startups with unsustainable business models can be called pump and dump schemes is debated. I wasn’t suggesting they committed fraud, but they definitely put their best foot forward before that transaction and believed it was in their interest to sell.

https://en.wikipedia.org/wiki/Pump_and_dump

Also it’s not just unrelated 3rd parties, Enron was included because: “Enron falsely reported profits which inflated the stock price, they covered the real numbers by using questionable accounting practices. Twenty-nine Enron executives sold overvalued stock for more than a billion dollars before the company went bankrupt.”

Re: Wonder is acquiring Grubhub

#155
post #13

Earlier quoted context omitted.

Well, when you're in the business of selling a dollar for eighty cents, all the money probably got flushed down the toilet.

How were they selling a dollar for 80 cents? The actual food is more expensive on grubhub than ordering through the restaurant, and then there are multiple fees on top of that.

If you're in zero interest rate policy, money looks like it's worth almost nothing.

Re: Wonder is acquiring Grubhub

#157
post #119
post #110

Earlier quoted context omitted.

Its a ghost kitchen. It isn't 30 restaurants, its one restaurant with 30 brands. This idea was tried years ago (they'd claim to be the first) by a company based out of Indianapolis named Clustertruck ( https://www.clustertruck.com/); though their branding was more "one restaurant, 30 food truck brands". The aim was: you can order a bunch of stuff, the software in the kitchens times it to all come out at the same time…

Uber Eats in the USA, yes, it's more hands off in terms of gig workers. In the UK and Germany and many other countries though, there have been many court rulings to essentially ban gig-working and enforce employee protections.

What does a ban on gig working look like?

Re: Wonder is acquiring Grubhub

#160
post #108

Earlier quoted context omitted.

I recently saw a new burger joint pop up on Uber Eats with an address not far from my home. It turned out to be the address of the last remaining Ruby Tuesday restaurant in my area, but the burger place did not advertise any connection to Ruby Tuesday. Seemed very sketchy to me.

A ton of places are doing that. Restaurants that want to price things differently from their main. Or primarily in-store restaurant chains that don't want branding impacted by crappy delivery reviews. Keyword competition to improve sales. Menu, naming, picture, process experimentation. Additional placement in search results with different ranking. Bad review evasion. Limiting blast radius of bad reviews (eg, they sti…

The way you put it doesn't sound like almost the mirror-image of the whole "ghost kitchens" thing. If established, reputable restaurants with known food quality are operating unde alternative branding in order to experiment with new marketing strategies, it doesn't really seem like 'cheating' to me.

Definitely not in the same category as a fly-by-night operation in a warehouse pretending to be an established restaurant.

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