Shares of GrubHub slumped 34% in early trading, after it forecasted slowing revenue growth for the fourth quarter, pushing at least two brokerages to downgrade the stock and cut their price targets. GrubHub, one of the early pioneers in the industry, has been battling growing competition from startups such as DoorDash and Uber Technologies’ Uber Eats. The Chicago-based company has also tried to increase its market share by partnering with various companies, including a recent deal with Dunkin’ Brands Group Inc . …read more
Source:: Yahoo Finance
