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Grubhub Acquired to be a Part of New Super App & Advertisers Back in on 'X'?
Nov 14, 2024
A massive loss of $6.5 billion marks Grubhub's acquisition by Wonder Group, raising questions about its future in a competitive delivery market. As some users abandon X for new platforms, brands are contemplating a return. NYC's new bill shifts broker fees from renters to landlords, potentially easing financial burdens. Additional insights include Amazon's market maneuvers, NFL bettors defying the odds, and Netflix's intriguing podcast evolution. Finally, updates on Red Lobster's hush puppies and Spotify's video venture add a dash of flavor to the discussion.
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Quick takeaways
- Wonder Group's acquisition of Grubhub for $650 million signifies a dramatic change in the food delivery sector, aiming to create a $30 billion mealtime app by 2027.
- Despite a surge in account deletions on X, advertisers are contemplating a return, showcasing the platform's ongoing struggles with user retention and advertising revenue.
Deep dives
Elevating the Holiday Experience with Sound
Sonos enhances the holiday season with exceptional sound quality, creating an immersive experience for gift-giving and festive gatherings. The company collaborates with top artists and sound engineers to ensure their speakers and soundbars deliver crisp audio, making Christmas music and holiday movies more enjoyable. This commitment to high-quality sound allows users to experience a personal cinematic atmosphere at home. Conclusionally, Sonos effectively positions itself as an essential tool for enhancing holiday celebrations through music and sound.
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