How do these deals work? I am assuming, and I could be very wrong, that Wonder is smaller by market cap than Grubhub.
Both companies are not public. The investors need to agree on the price and the deal is done.
Wonder is acquiring Grubhub
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Re: Wonder is acquiring Grubhub
#22[dupe] Some more discussion: https://news.ycombinator.com/item?id=42127304
[dupe "dupe" comment] https://news.ycombinator.com/item?id=42129024
Re: Wonder is acquiring Grubhub
#23Earlier 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.
You get $10/month dining credits if you’re an Amex card holder. Imagine the cost of all promotions.
I always wondered if the promotions were handled with restaurants more like "we (the platform) recoup our promo losses via the regular platform fee you (the restaurant) pay regardless" or more like "if a customer uses a promotion, we (platform and restaurant) split the loss, unrelated to the regular platform fee". Like when I use a platform promo for reasons well beyond trying a new place for the first time, am I screwing the restaurant, the platform, or some combination?
Re: Wonder is acquiring Grubhub
#24Re: Wonder is acquiring Grubhub
#25At first blush, this might seem like another silly roll-up. However, I believe in Marc Lore completely and it will be interesting to see what this becomes. This is bad news for DoorDash (imo).
To be fair, DoorDash is bad news for DoorDash because a $8 meal costs $30.
Re: Wonder is acquiring Grubhub
#26Those 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?
I’ll look up the addresses of restaurants on Uber Eats, using street view, before ordering. Most of them are at bodegas or otherwise non-restaurant spaces.
Re: Wonder is acquiring Grubhub
#27Support your local restaurants. Don’t let these vampire platform companies enshitify your city’s food scene.
We say shopping at Whole Foods, Walmart, and Kroger.
Re: Wonder is acquiring Grubhub
#28Support your local restaurants. Don’t let these vampire platform companies enshitify your city’s food scene.
We say shopping at Whole Foods, Walmart, and Kroger.
Local grocery stores have basically been extinct for decades- and realistically that isn't that surprising given they mostly sell commodity products. We don't need to let restaurants suffer the same fate.
Re: Wonder is acquiring Grubhub
#29[dead]