Uber lost out on Grubhub. That's bad news for Uber Eats.

For the past few weeks, rumors were flying that Uber Eats was combining forces with Grubhub. Then a European delivery app swooped in and shook everything up.

Just Eat Takeaway, a Dutch company dominant in the European market, acquired Grubhub for $7.3 billion, providing some serious competition for Uber Eats and DoorDash. The Just Eat Takeaway deal created what the company claims is the "world’s largest online food delivery company outside of China." 

For Uber, that means an already unprofitable Uber Eats, which lost $313 million last quarter, will likely keep losing money in the near future. But it's not totally screwed.  Read more...