More Consolidation in the Food Delivery Industry Will Likely Only Hurt Local Restaurants
Following months of speculation that Uber might acquire GrubHub (NYSE: GRUB), the latter company has decided to instead merge with European food delivery company Just Eat Takeaway.com (OTC: TKAY.Y). The prospect of Uber Eats combining with GrubHub had already started to garner pushback from lawmakers over anticompetitive concerns.
Unfortunately, more consolidation in the global food delivery industry will likely just hurt small local restaurants.
Image source: GrubHub.
Source Fool.com
