Grubhub Acquired to be a Part of New Super App & Advertisers Back in on 'X'?

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Morning Brew Daily 26 min 4 speakers 5 chapters transcribed
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What happened with the Grubhub acquisition?

Neal Freiman 2:18
Oh, super handsome. You might actually be a celebrity now. It probably counts. We should do a Neil Fryman lookalike competition like Washington Square Park.
Kyle Hagee 2:26
I would show up to that, but I would probably be the only person there.
Neal Freiman 2:29
Now let's hear a word from our sponsor, Sage. Not the herb, but a tool that saves finance professionals a lot of time and money. Neil, I've heard from Toby that you're quite the cook. I've been known to break out the La Crusade every now and then. Oh, fancy, but also a perfect example of how Sage helps CFOs. Why do you use a La Crusade?
Kyle Hagee 2:47
Reliable, well-made, lets me throw a lot of stuff in it.
Neal Freiman 2:50
Same reasons why CFOs love Sage. You slice and dice your data as you see fit, then throw it all into one pot and get a delicious meal of actionable insights.
Kyle Hagee 2:58
Let's take this metaphor one step further. With the new AI and automation tools that Sage has added, you're slicing with cutting-edge razor-sharp knives as well. So fancy pot, but also fancy knives. I knew you were a phenomenal chef, Neil. And Sage is a phenomenal platform. Head to sage.com slash morningbrew. That's sage.com slash morningbrew.
Commercial Ad 3:18
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Neal Freiman 3:38
For our first story, Wonder Group has agreed to acquire food delivery startup Grubhub for $650 million. While that sounds like a lot of money, it's a steep decline from Grubhub's $7.3 billion valuation in 2020. Now, it's called Wonder Group because you're probably wondering what it even is.

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