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Amazon is adding Grubhub to its prime service, but can the company make Grubhub a delivery winner? CNBC's Jon Fortt joins 'Squawk Box' with both sides of the argument.
Amazon.com Inc (NASDAQ: AMZN) added food delivery to the list of services included in its “Prime” membership as it took a 2.0% stake in Grubhub on Wednesday. How does it affect Uber and DoorDash?
Amazon Prime customers in the United States will be able to receive a year of free restaurant delivery through Grubhub+ under a deal announced Wednesday by Just Eat Takeaway.com.
Amazon is providing a new exclusive offer for Prime members.
Three years after giving up on its own food delivery service, Amazon is trying a new tactic, taking a stake in the U.
European stocks closed higher on Wednesday as markets sought to reverse a negative slide in the previous trading session.
Amazon may be deeply embedded in consumers' daily routines in so many aspects of their life — from ordering household essentials to streaming content — but the behemoth has yet to make a dent in competitor Walmart's lead in food and beverage categories.
Amazon has acquired a 2% stake in Grubhub, the North America-based subsidiary of European food delivery giant Just Eat Takeaway, the Amsterdam-based company announced Wednesday. Shares of Just Eat (OCTUS: JTKWY) were trading up nearly 20% on the news Wednesday morning, while rival DoorDash's stock (NYSE: DASH) was down about 10%.
Timing is everything, as it turns out.
Yahoo Finance Live anchors Brian Sozzi and Brad Smith break down Amazon's 2% investment in Grubhub.