GrubHub fails to deliver; most of us are not recession-ready, and more top news

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Public investors now favor tech companies valuing profits over growth, and Grubhub “isn’t delivering much of either,” says The Wall Street Journal. The food delivery service’s once imperious market share lead has been eaten away by rivals Uber Eats and DoorDash. As the two zoomed past GrubHub’s growth and market share metrics, the company’s market value has slumped. It’s down 53% in the past year – including 26% in the past three months alone. Alarmingly, analysts also expect its income to plummet more than 90% year-over-year in the current quarter. ? Here’s what people are saying.

It's no longer a question of if the U.S. is headed towards a recession, but when, and Americans appear unprepared for the threat of a possible downturn, say economists. About 40% of people in the U.S. say they are "somewhat prepared" for a recession if it were to happen within the next year, according to a new Bankrate survey, while 16% say they're not at all prepared. Experts recommend preparing while the economy is on "firm footing," i.e., households should try and pay off debt and boost emergency savings. ? Here’s what people are saying.

The streaming rights to "South Park" are up for grabs for a pretty penny. The show’s creators and media giant Viacom stand to get as much as $500 million from the winning bidder, anonymous sources tell Bloomberg. About six companies are fighting for exclusive rights to the animated comedy, and one of TV's longest-running series in U.S history. The sale would follow the trend in hefty price tags for rerun streaming rights. Comcast paid a comparable fee for "The Office," while AT&T paid similarly for rights to "Friends" and Netflix paid over $500 million for worldwide rights to “Seinfeld.” ? Here’s what people are saying. 

The bottled-water market has matured in recent years as sparkling and flavored waters slurp up sales and the burgeoning backlash against single-use plastic grows. Although panned for “bottling a drink readily available from the tap,” makers had shrewdly wrung profits out of consumers curtailing their consumption of sugary drinks. As the world’s largest bottled-water company, Nestlé has witnessed a 2.2% decline in water sales volumes this year. It will now restructure its water division and install new leadership focused on local markets. ? Here’s what people are saying.

In couples where both parties work, creating a contract that outlines each partner’s values, boundaries and fears may save your partnership, advises INSEAD professor Jennifer Petriglieri. Dual-career couples face major transitions at three life stages, says Petriglieri — the first is when two lives are combined into one, the second is when doubt about work/life choices trickles in, and the third is when earlier commitments end, such as a mortgage to pay or having kids in the house. Petriglieri studied over 100 working couples and believes that couples who openly communicate their needs and wants tend to fare better than those who don't. ? Here’s what people are saying. 

Idea of the Day: It’s important to have your employees travel, Greg Caplan, founder and CEO of Remote Year, tells Anna Auerbach, Cofounder and CoCEO, Werk.

“You're more inspired and creative when you're in these new, different environments. You build a global perspective and understanding.”

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