Just Eat Takeaway.com Sells Grubhub to Wonder Group for $650 Million

Just Eat Takeaway.com (JTKWY) has announced the sale of its US food delivery business, Grubhub, to Wonder Group for an enterprise value of $650 million. This move comes after investor pressure to divest Grubhub and is expected to generate up to $50 million in net proceeds for Just Eat Takeaway. The transaction is slated for completion in the first quarter of 2025, subject to regulatory approval. This sale aims to improve Just Eat’s financial health, support investments in key markets, and enhance its cash flow.

Swiggy’s Hilarious Diwali Video Sparks Soan Papdi Debate: Is It Really Unloved?

Swiggy’s Diwali video, poking fun at Soan Papdi’s unpopularity, has sparked a debate on social media. While the video highlights the treat’s lack of demand, many netizens defended Soan Papdi’s festive appeal, leading to a hilarious online discussion. Meanwhile, delivery platforms like Swiggy Instamart are going all out with Dhanteras offers, delivering gold and silver coins in under 10 minutes.

DoorDash Stock Soars on KeyBanc Upgrade: Analyst Sees Strong Growth and Market Share Gains

DoorDash stock surged on Wednesday after KeyBanc analyst Justin Patterson upgraded the stock to Overweight, citing the company’s strong market share gains, emerging revenue streams, and robust growth prospects. Patterson’s upgraded forecast is based on his recent survey data, which shows DoorDash distancing itself from competitors in food delivery and making significant inroads into the grocery market. The analyst also anticipates DoorDash’s core and emerging verticals to fuel strong GOV and EBITDA growth in the coming years.

Food Delivery Driver’s Death Highlights Grueling Conditions in China’s Gig Economy

The tragic death of a 55-year-old food delivery driver in Hangzhou, China, has sparked outrage and concern about the grueling working conditions faced by gig workers. Yuan, known as the ‘Order King’ for his dedication, often worked 18-hour shifts, earning a meager living despite the risks and exhaustion. His death is a stark reminder of the precarious nature of gig work and the need for better protections for these essential workers.

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