GrubHub shares jump after Amazon shuts down its restaurant delivery service

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%.


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