No, Grubhub is not going out of business, though it has faced major financial shifts and ownership changes.
Recent Ownership Changes
- Acquisition by Wonder: Just Eat Takeaway sold Grubhub to food-tech company Wonder Group Inc.for $650 million, a steep drop from the $7.3 billion peak purchase price in 2021.
- Continued Operation: The platform remains fully active. Customers can still place delivery and pickup orders, and restaurants remain partnered with the service.
Market Position
- Competition: Grubhub holds a smaller market share than primary competitors like DoorDash and Uber Eats.
- User Sentiments: Opinions on Reddit are mixed. Some drivers and users express frustration over slower order volumes or lower pay in specific regions, leading to frequent online rumors that the company might shut down. However, the platform continues normal operations under Wonder.
