![]() ![]() “A pizza that he charged $24 for was listed as $16 by Doordash,” emphasis Roy’s. But what’s funnier about Roy’s friend’s problem (and it was a real problem because of Yelp reviews and angry customers) is that DoorDash priced the pizzas incorrectly. From Verge earlier this week Īpparently, this is one way that DoorDash does customer acquisition - by bullying restaurants. Uber, which in addition to its flagship ride business operates a big meal-delivery unit known as Uber Eats, in February approached Grubhub with an all-stock takeover offer and the companies have been in talks since then, people familiar with the matter said. ![]() in a deal that would unite two of the biggest players in the cutthroat meal-delivery business at a time when the coronavirus pandemic has sparked a surge in demand for their services. IBUY is up 17.47% year to date and also hit a record high on Tuesday.Uber Technologies Inc. None of IBUY's components exceed weights of 5.47%, but that isn't preventing the fund from participating in the online shopping ETF boom. The Amplify Online Retail ETF (NASDAQ: IBUY) allocates over 5% of its combined weight to GrubHub and Uber and its 2.74% allocation to the former puts it just below Amazon and ahead of Shopify (NYSE: SHOP) on its roster. Like ONLN, CLIX also hit another record high on Tuesday. Many of the same sentiments that apply to ONLN apply to CLIX as well, meaning Uber could abandon its GrubHub aspirations immediately and that wouldn't dent this ETF's underlying thesis. That puts the fund second behind stablemate ONLN in terms of exposure to the food delivery name. Arguably, food delivery doesn't fit in either niche, but here CLIX is with a GrubHub weight approaching 5%. ![]() The ProShares Long Online/Short Stores ETF (NYSE: CLIX) makes for interesting ETF residence for GrubHub as this fund is structured to be a play on the e-commerce boom at the expense of brick-and-mortar retail. ProShares Long Online/Short Stores ETF (CLIX) ![]() The benefit with this ETF is a play on the Uber/GrubHub marriage is that talks could collapse and ONLN can keep thriving. ONLN finished the day modestly higher on its way to another all-time high. The takeover rumor barely budged ONLN, but that was more a symptom of a late day market selloff than anything else. The Proshares Online Retail ETF (NYSE: ONLN) is known for some other things, namely its massive weights to Amazon (NASDAQ: AMZN) and Alibaba (NYSE: BABA), but the fund stands out as the ETF with the largest GrubHub weight at nearly 5%. See Also: Uber, GrubHub Analysts Dish Opinions On Reported M&A Talks: 'Not Surprising' Proshares Online Retail ETF (ONLN) With the potential for a food delivery takeover saga looming, investors may want to look at some of 91 exchange traded funds with decent exposure to GrubHub. While analysts see obvious synergies between GrubHub and Uber Eats, it was reported Tuesday afternoon that the latter is balking out the former's request for 2.15 shares of stock for each of its own in the deal. As is now widely known, shares of food delivery outfit GrubHub (NYSE: GRUB) jumped nearly 29% on Tuesday amid rumors that ride-hailing giant Uber (NYSE: UBER) is making a move on the company. ![]()
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