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...and who's down

Snacks / Monday, November 04, 2019

Your "promiscuous" chicken curry ordering... It's a problem for GrubHub. That's how the CEO described your disloyal strategy of ordering dinner on whatever delivery app happens to be the cheapest at the moment. GrubHub is forced to whip up promo codes to entice you away from Uber Eats — those extra marketing costs ate down profits by 96% last quarter. Grubhub stock fell to its lowest point in 2.5 years as delivery apps become a commodity.

Shoulda learned from Leslie Knope in Parks and Rec... Don't date co-workers. McDonald's fired CEO Steve Easterbrook on Sunday for his consensual romantic relationship with an employee that broke company policy. Since Easterbrook took over in 2015, McDonald's got into shape menu-wise (breakfast expansion) and tech-wise (order kiosks) — The stock doubled in the Easterbrook era. Now shareholders are mourning/adjusting their outlook on McD's future.

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