DoorDash, Uber stocks fall after Amazon inks partnership with Grubhub

Shares of DoorDash Inc. /zigman2/quotes/222973991/composite DASH +0.50% and Uber Technologies Inc. /zigman2/quotes/211348248/composite UBER +0.06% are falling in premarket trading Wednesday after Amazon.com Inc. /zigman2/quotes/210331248/composite AMZN -0.26% struck a partnership with Grubhub, a unit of Just Eat Takeaway.com NV /zigman2/quotes/201653805/delayed NL:TKWY +2.03% . Through the arrangement, Amazon will make Grubhub a benefit to Prime members and offer members the chance to get delivery fees waived from certain restaurants, according to The Wall Street Journal . Additionally, Amazon has an opportunity to take an initial 2% stake in Grubhub, and it could boost that stake to 15% if it hits targets around user acquisition. Just Eat shares are up more than 19% in Wednesday trading in the Netherlands, while shares of U.S.-based food delivery companies are falling premarket. Shares of DoorDash are down more than 7% and shares of Uber, which operates the Uber Eats delivery service, are off more than 3%. Just Eat still intends to look into a potential full or partial sale of Grubhub, per the Wall Street Journal report.

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Add to watchlist DASH

DoorDash Inc. Cl A

US : U.S.: NYSE

$ 77.76

+0.39 +0.50%

Volume: 3.07M

Aug. 15, 2022 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$30.59 billion

Rev. per Employee

$655,698

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Add to watchlist UBER

Uber Technologies Inc.

US : U.S.: NYSE

$ 32.49

+0.02 +0.06%

Volume: 14.14M

Aug. 15, 2022 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$64.29 billion

Rev. per Employee

$872,014

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Add to watchlist AMZN

Amazon.com Inc.

US : U.S.: Nasdaq

$ 143.18

-0.37 -0.26%

Volume: 38.93M

Aug. 15, 2022 4:00p

P/E Ratio

128.14

Dividend Yield

N/A

Market Cap

$1462.42 billion

Rev. per Employee

$302,178

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Add to watchlist NL:TKWY

Just Eat Takeaway.com N.V.

NL : Netherlands: Euronext Amsterdam

€ 17.86

+0.36 +2.03%

Volume: 2.71M

Aug. 15, 2022 5:35p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

€3.76 billion

Rev. per Employee

N/A