Lows

...and who's down

Snacks / Sunday, November 03, 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 — and those increased marketing costs ate away at profits by 96% last quarter. News that delivery apps are becoming just a commodity dropped Grubhub stock to its lowest point in 2.5 years.

He should've learned from Leslie Knope in Parks and Rec... Don't date your co-workers. McDonald's CEO Steve Easterbrook got fired Sunday for having a consensual romantic relationship with an employee. That broke company policy — Some HR departments ban the possibility of controlling the title and salary of someone you call Boo. Since Easterbrook took over in 2015, McDonald's has been brought into shape menu-wise, technology-wise, and stock price-wise — Its stock has doubled during Easterbrook's time. Now shareholders are mourning/adjusting their outlook on McDonald's future.

Get Your News

Subscribe and thrive

Snacks provides fresh takes on the financial news you need to start your day. Chartr provides data visualizations on business, entertainment, and society. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.