company makes almost nothing per order.
Chanos, a famous short seller and founder of Kynikos Associates, made the comments on CNBC’s “Halftime Report” Thursday from the Delivering Alpha conference, presented by CNBC and Institutional Investor. He predicted fees will come down, while employee costs will rise. “Right now, GrubHub is making almost no money per order -- it’s something like 15 cents,” Chanos said. “There’s just no margin in this business.” Reported by CNBC
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9/20/2019, 2:08:50 AM