Gillian Tan, Columnist

Uber Eyes GrubHub's Lunch Money

A big rivalry looms, but GrubHub's partnerships with more than 35,000 restaurants will be hard to replicate.

January 21, 2016 at 9:39 PM UTC

Gillian Tan is a senior reporter covering finance and alternative asset classes including real estate, infrastructure, private equity, private credit, venture capital and sports business. She previously wrote an opinion column for Bloomberg and was a reporter at the Wall Street Journal. She is a qualified chartered accountant.

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Is Uber about to eat GrubHub's lunch? Shareholders think so.

The food delivery company's stock tumbled as much as 8.6 percent Thursday on news that Uber Technologies is preparing to go live with a full-scale meal delivery service across 10 U.S. cities, known as UberEATS, after a successful trial in Toronto. Investors had already been fleeing on fears the once fast-growing company's prospects have dimmed.