Wonder-owned Grubhub is removing delivery and service fees on all restaurant orders above $50 to lure customers from rivals DoorDash (DASH) and Uber Technologies (UBER), Bloomberg reported. The change will start rolling out to some users on Thursday ahead of a broader launch on February 2, Bloomberg noted, citing an interview with Grubhub Chief Executive Officer Howard Migdal.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DASH:
- DoorDash price target lowered to $275 from $280 at Guggenheim
- Wolfe Research Bets on 2 Smaller ‘Strong Buy’ Internet Stocks — Beyond Amazon and Meta
- Instacart down 4% after Amazon says expanding same-day fresh grocery delivery
- DoorDash price target lowered to $224 from $253 at Stifel
- Uber, DoorDash Stocks Rise despite Defeat in New York City Tipping Lawsuit