GoGetterAttiCS by TheDBugger - Top Tech & Business Scoops of the Day

Hey, GoGetters!

It's time to level up with the latest buzz from the tech and business world, plus some juicy updates on crypto and tech stock performances from last week. Here's what's hot today:

Amazon's Freevee Farewell? Amazon is pulling the plug on Freevee, its ad-supported streaming service. This could mean your favorite free shows might find a new home or vanish into the digital ether.

GrubHub's New Appetite In a twist, GrubHub has been gobbled up by a scrappy delivery startup. Will this merger spice up your food delivery experience?

NASA JPL's Harsh Reality Even space isn't immune to budget cuts. NASA's Jet Propulsion Lab is reducing staff, which might delay our next cosmic adventure.

Inflation's Stubborn Stance October's inflation numbers are out, and guess what? It's still high. Time to rethink our wallets?

Wall Street's Recruitment Recession A major firm is telling recruiters to hold off. Could this be the calm before the storm in the job market?

7-Eleven's Big Buyout The folks behind 7-Eleven want to take it private. What's cooking behind this corporate curtain?

Rivian & VW: A Billion-Dollar Love Story Rivian is now in bed with VW, thanks to a $5.8B partnership. Expect electric dreams to come true faster!

Apple's Home Sweet Home Challenge Apple's cooking up something at home. Will it outsmart your current smart devices?

Bluesky's User Boom Post-election, Bluesky's user count has skyrocketed by a million. Is this the new social haven?

Klarna's American Dream The Swedish buy-now-pay-later giant is eyeing the US IPO market. Will they find the American dream?

Crypto & Tech Stocks Roundup Last Week:

• Bitcoin (BTC): After breaking through $93K, it's been an exciting ride for Bitcoin investors, with a weekly gain of 17%.
• Ethereum (ETH): Ethereum surged over 31%, clearing the $3K mark, driven by post-election market enthusiasm.
• Solana (SOL): SOL didn't lag behind with a 28% increase, holding strong interest in the DeFi space.
• Tech Stocks: Companies like Coinbase (COIN) saw a massive 48% jump, while others like Riot (RIOT), CleanSpark (CLSK), and Tesla (TSLA) also enjoyed significant gains, reflecting a bullish market sentiment.

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Also, I will be engaging with the folks at California State University, Fullerton , Westcliff University and Arizona State University working at different big tech companies this weekend, so stay tuned for the shorts and videos on the official GoGetterAttics Snap as this weekend is full of engagement and insights with the best Students and Professionals who will guide you to shape your future in a better way.

Remember, staying ahead isn’t just about knowing the news; it’s about understanding what it means for you. Join the conversation, and let's navigate this dynamic world together. Subscribe, share, and let’s get this newsletter into the hands of every GoGetter out there!

Keep pushing, Best Regards,

Mayank Jain ( TheDBugger )

GoGetterAttics 's CTO

A Bit Deeper into the above headlines (Feat. Perplexity )

GrubHub's New Appetite: A Surprising Acquisition

In a surprising turn of events, GrubHub, one of the leading food delivery platforms in the United States, has been acquired by Wonder, a food delivery startup founded by former Walmart executive Marc Lore[1][2]. This acquisition marks a significant shift in the food delivery landscape and could potentially reshape the industry.

Key Details of the Acquisition

Wonder is set to acquire GrubHub from Just Eat Takeaway.com for an enterprise value of $650 million[1]. This deal includes $500 million of senior notes and $150 million in cash[1]. The acquisition is expected to be completed during the first quarter of 2025, subject to customary closing conditions and regulatory approvals[1].

Impact on Just Eat Takeaway.com

This sale represents a significant loss for Just Eat Takeaway.com, which had acquired GrubHub in 2020 for $7.3 billion[2]. The current sale price of $650 million reflects a staggering 90% loss on the original investment[2]. Just Eat Takeaway.com had been actively seeking a buyer for GrubHub for about two years[2].

Wonder's Vision

Wonder aims to create a "super app" for mealtime by integrating GrubHub into its existing platform[1]. This move will allow Wonder to offer a combination of first-party and third-party restaurants, groceries, and meal kits in a single app[1]. The acquisition will give Wonder access to GrubHub's extensive network of over 375,000 merchants and 200,000 delivery partners across the United States[1].

Potential Impact on Food Delivery Experience

The merger of Wonder and GrubHub could potentially enhance the food delivery experience for consumers in several ways:

1. Increased Selection: Users will have access to a wider range of options, including Wonder's owned and operated restaurants, meal kits, and GrubHub's extensive network of restaurant partners[1].

2. Integrated Ordering: The combined platform aims to offer a seamless ordering experience across various food options[1].

3. Innovation in Delivery: Wonder's unique "Fast Fine" dining concept and multi-restaurant ordering feature could be expanded to more markets through GrubHub's network[1].

Future Outlook

While the acquisition promises exciting possibilities, it remains to be seen how the integration will play out and whether it will truly revolutionize the food delivery experience. The success of this merger will depend on how well Wonder can leverage GrubHub's existing infrastructure and customer base while implementing its innovative concepts.

As the deal is set to close in early 2025, consumers and industry observers will be watching closely to see how this new partnership reshapes the competitive landscape of food delivery services in the United States[1][3].

Citations:

[1] https://about.grubhub.com/news/wonder-announces-acquisition-of-grubhub/

[2] https://www.pymnts.com/acquisitions/2024/grubhub-sold-to-delivery-startup-wonder-at-90-loss/

[3] https://www.supermarketnews.com/mergers-acquisitions/wonder-to-acquire-grubhub-for-650m

[4] https://techcrunch.com/2024/11/12/just-eat-takeaway-sells-grubhub-to-wonder-for-650-million/

[5] https://finance.yahoo.com/news/startup-led-ex-walmart-executive-232134490.html

[6] https://siliconcanals.com/just-eat-takeaway-sells-grubhub-to-wonder/

[7] https://www.cbsnews.com/chicago/news/grubhub-sold-wonder-group/

[8] https://www.wsj.com/business/hospitality/former-walmart-executives-startup-near-deal-to-buy-grubhub-2e22929f