![]() online food delivery market and reduce cash burn,” Bloomberg Intelligence senior industry analyst Mandeep Singh wrote in a note Tuesday. A year after Uber’s public offering, the company still trades below its peak valuation as a private company.Ī deal “would help consolidate the U.S. Those issues may be easier to iron out for Grubhub and Uber, which both have publicly traded stocks. ![]() Though the losses have led to much speculation on potential consolidation in the industry, lofty private valuations and antitrust concerns have made some food-delivery players resistant to striking a deal.
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