Shares of online food delivery services GrubHub and Waitr Holdings jumped Tuesday after Amazon said it was shutting down its four-year-old rival service, which delivered restaurant meals to Prime members’ doorsteps.
GrubHub shares, which have a market value of $6.3 billion, gained more than 7% on Tuesday, while shares of smaller rival Waitr gained 3%. Waitr has a market cap of $482.7 million. Uber, which operates Uber Eats, saw its stock, which is valued at $71.5 billion, rise less than 1%.