Tag AMZN

Amazon is getting a small piece of Grubhub in a deal that will give Prime members a free membership to Grubhub+...

Shares of DoorDash (NYSE: DASH) were falling 7.5% at 11:07 a.m. on Wednesday after rival Grubhub partnered with Amazon (NASDAQ: AMZN) to offer members of its Prime loyalty program a year's worth of food delivery free of charge. In addition to giving Prime members a one-year membership to Grubhub+, the e-commerce giant can take a 2% stake in Grubhub and boost that by an additional 13% if it hits targets related to new-user growth. Not only are DoorDash shares falling, but Uber Technologies stock also is down 4% as well...

If you’re an Amazon (AMZN) Prime member, you just got an added perk: a free year of membership to Grubhub+, the food-delivery platform’s program that provides discounts and other benefits. Amazon and Just Eat Takeaway.com (NL:TKWY) Grubhub’s parent company, announced the partnership on Wednesday. As part of the deal, Amazon has an option (in the form of a warrant) for a 2% stake in Just Eat Takeaway.com, which can increase to 15% over time, though an Amazon spokesperson said the company has not exercised the warrant so there is no current investment...

Amazon.com Inc has secured the right to buy a 2% stake in Just Eat Takeaway.com's Grubhub and will offer no-fee access to the service for a year to U.S. Prime members, hoping to boost subscriptions with a renewed push into meal delivery...

Britain's antitrust watchdog is investigating Amazon.com Inc on concerns it was hurting competition by giving its own sellers an unfair advantage in its marketplace over third parties, adding to global regulatory scrutiny of the U.S. tech giant...

Markets edge higher as investors look forward to Fed minutes at 2:00 p.m. ET...

(The author is a Reuters Breakingviews columnist. The opinions expressed are their own.)...

Germany's antitrust watchdog said on Wednesday that U.S. ecommerce giant Amazon's position is of outstanding, cross-market importance for competition, a classification that allows the authority to prohibit any anti-competitive behaviour at an earlier stage...

Netflix (NFLX) stock's >70% crash from ATH has been nothing short of spectacular. Read more to see why I think this as a buying opportunity...