Oversaturation of Food Delivery Apps Slams Grubhub

Food delivery apps are a form of restaurant sector disruption and have been highly popular with diners in recent years. However, oversaturation of these apps has led to intense competition and a stunning crash of Grubhub stock in late October. This overinvestment will result in consumers benefiting at the expense of the app companies and restaurants, which will continue putting pressure on their stock prices.

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Dan Amoss

Dan Amoss, CFA, tracks aggressive accounting and other red flags that markets miss. He’s a student of the Austrian School of economics and Daily Reckoning fan since 2000. Agora Financial relies on Dan for macro market commentary as well as profitable plays like his 2008 call to readers to buy Lehman Bros. puts, which...

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