Previous Close | 13.74 |
Open | 15.41 |
Bid | 0.00 x 0 |
Ask | 0.00 x 0 |
Day's Range | 15.39 - 16.84 |
52 Week Range | 13.25 - 83.56 |
Volume | |
Avg. Volume | 3,335,891 |
Market Cap | 3.38B |
Beta (5Y Monthly) | 0.35 |
PE Ratio (TTM) | N/A |
EPS (TTM) | -3.80 |
Earnings Date | Mar 02, 2022 |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | N/A |
1y Target Est | 58.00 |
Yahoo Finance Live anchors break down Amazon’s 2% investment in Grubhub.
Shares of DoorDash (NYSE: DASH) were falling 7.5% at 11:07 a.m. on Wednesday after rival Grubhub partnered with Amazon (NASDAQ: AMZN) to offer members of its Prime loyalty program a year's worth of food delivery free of charge. In addition to giving Prime members a one-year membership to Grubhub+, the e-commerce giant can take a 2% stake in Grubhub and boost that by an additional 13% if it hits targets related to new-user growth. Not only are DoorDash shares falling, but Uber Technologies stock also is down 4% as well.
Amazon.com Inc has secured the right to buy a 2% stake in Just Eat Takeaway.com's Grubhub and will offer no-fee access to the service for a year to U.S. Prime members, hoping to boost subscriptions with a renewed push into meal delivery. Announced ahead of Amazon's July "Prime Day" marketing blitz starting Tuesday, the deal lets the online retailer's loyalty club members use Grubhub without delivery fees on orders over $12 in more than 4,000 U.S. cities. Shareholders have demanded it sell or find a partner for Grubhub, which it bought last year for $5.8 billion.