Grubhub has seen its market capitalization decline from $13 billion to $5 billion in a year. The Company is evaluating strategic options including sale or merger.  Possible partners include DoorDash, Postmates or Uber Eats.  The fact that Grubhub is a public quoted company could be attractive to a closely held enterprise.

The food delivery business is decidedly unprofitable and if state regulations impose restrictions on the independent-contractor status of delivery personnel, the business model of virtually all delivery companies will be in jeopardy since they rely on the gig-economy to survive.