Topic: How To Invest

Power Growth Investor Hotline – Friday, July 8, 2022

Article Excerpt

AMAZON.COM INC., $115.54, symbol AMZN on Nasdaq, is a buy. The company is one of the world’s largest online retailers. It’s also the third-largest digital ad provider in the U.S. Its Amazon Web Services (AWS) is also one of the world’s largest cloud infrastructure service providers. Amazon has now agreed to add Grubhub to its suite of Prime services in the U.S. For Grubhub’s parent, Netherlands-based Just Eat Takeaway.com, the deal is aimed at letting it expand its food-ordering reach by tapping Amazon’s membership program. For Amazon, it gets an initial option to take a 2% stake in U.S.-based Grubhub, and U.S. Prime members can have their delivery fees waived from some restaurants. Amazon could bump up its total stake to 15% of Grubhub based on performance terms, which are focused on adding more food orders and customers to its delivery subscription program. Just Eat will still own the rest of Grubhub and will continue exploring a full or partial sale of the business,…

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