Uber Missed Being in the Lead on Food Delivery, Says Former Exec

Jun.12 — Shares of Just Eat Takeaway plunged since announcing it plans to buy Grubhub for $7.5 Billion in an all-stock deal, bringing the European food-delivery company into the brutally competitive U.S. Market. Uber had been in talks to buy Grubhub, but it didn’t happen. Uber Shareholder and Former Chief Business Officer Emil Michael discusses what he says was Uber’s massive strategic failure in not trying to own U.S. food delivery earlier. He speaks exclusively on “Bloomberg Technology.”

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