Is Grubhub losing money? — Market Mad House

People are asking is Grubhub (NYSE: GRUB) losing money because the rumor mill claims the food delivery app is for sale.

The Wall Street Journal claims Grubhub’s management is investigating “strategic options.” The term “Strategic options” is The Journal’s euphemism for seeking an acquisition.

However, Grubhub’s management insists the company is not for sale, Barron’s reports. “We felt it was important to clarify that there is unequivocally no process in place to sell the company and there are currently no plans to do so,” a Grubhub spokesperson tells Barron’s.

Grubhub changes Ordering Process

Grubhub is changing its phone ordering process because of a New York City Council investigation, Eater claims.

Grubhub will now ask callers to dial one for orders and two for everything else, Eater claims. Grubhub took the step because the New York City Council is investigating the fees Grubhub charges restaurants. Grubhub took the step because a Philadelphia restaurant claims Grubhub charged it for phone calls that were not food orders.

Restaurants are complaining Grubhub is buying their web domains without the owners’ knowledge, Eater alleges. The fear is Grubhub could set up and operate websites for the restaurants and take orders…