Overview
Competition among fast food-delivery is heating up. After Amazon's (NASDAQ: AMZN) most recent minority stake acquisition in London-based Deliveroo, investors are struggling in picking a "winner" in the global online food-delivery space. Grubhub (NYSE: GRUB) has declined as much as 59.69% over the past 12 months and over 30% in 2019 alone. The main reason behind the decline was the company's market share declining to the 35-40% range after initially being over 50% in the same quarter the prior year. Does this decline in market share translate to such a drastic devaluation