© 2017 Bloomberg Finance LPUber UBER ’s takeover bid for Grubhub GRUB offers the potential for the rideshare giant to become the dominant player in food delivery, the latest consolidation play in a business hated by both consumers and businesses alike. “But consolidation has been long overdue for food delivery. Absher says the delivery providers should help independent restaurants price up the menu to account for the commission and other fees. It was a different, consistently profitable business back then: Grubhub didn’t handle the actual delivery and mainly acted as a menu aggregator. “The competition in the food delivery wars is like the streaming wars,” Postmates CEO co-founder Bastian Lehmann said at Forbes Under 30 Summit in Detroit last fall.

Source: Forbes May 13, 2020 15:11 UTC