cover of episode Grubhub Acquired to be a Part of New Super App & Advertisers Back in on 'X'?

Grubhub Acquired to be a Part of New Super App & Advertisers Back in on 'X'?

2024/11/14
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Morning Brew Daily

Key Insights

Why did Wonder Group acquire Grubhub?

Wonder Group aims to create a super app for mealtime, integrating recipe development, food preparation, delivery, and fulfillment under one platform.

Why are some advertisers considering returning to X?

Advertisers may return to X due to Elon Musk's influence in the new administration, potentially aligning their interests with the platform's owner.

Why did New York City pass the FAIR Act?

The FAIR Act aims to reduce upfront costs for renters by requiring landlords to pay broker fees, alleviating a financial burden for many tenants.

Why did Amazon launch a new discount storefront?

Amazon launched the discount storefront to compete with popular ultra-cheap marketplaces like Taimou and Shein, leveraging its existing user base.

Why have amateur gamblers been winning against sportsbooks like DraftKings?

Amateur gamblers have been winning due to a lack of upsets in the NFL season, with fan favorites consistently winning, contrary to sportsbooks' expectations.

Why is Spotify focusing on video podcasts?

Spotify is focusing on video podcasts to compete with YouTube by offering financial incentives to creators, aiming to attract more content to its platform.

Chapters

The hosts discuss the recent trend of celebrity lookalike contests and how Timothée Chalamet's appearance at one contest sparked a global phenomenon.
  • Timothée Chalamet's appearance at a lookalike contest in New York City went viral.
  • Lookalike contests for various celebrities have since popped up globally.
  • The trend suggests fans are seeking more direct interactions with their favorite celebrities.

Shownotes Transcript

Episode 453: Neal and Kyle discuss the selling of food delivery app Grubhub for a massive $6.5B loss and why former Walmart exec Marc Lore may be interested in acquiring it. Then, as some users delete their X accounts and move to other platforms, some brands are flirting to get back with X. Also, NYC approves a bill that will end broker fees that have been a burden for many renters. Meanwhile, Neal shares his favorite numbers including, Amazon’s discount store, NFL bettors beating DraftKings, and a 1 million flier points sweepstakes. Lastly, headlines to close out your day! 

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