not too long ago grubhub was the
kingpin with very few rivals
now they're up against a wave of
intense competition, uber it's,
door dash and squares delivery
service caviar
it's really crimping the
margins.
since then it's down 15%
so what do you do with it now,
though
earlier today we had a chance to
sit down with the founder and
ceo of grubhub who was
celebrating the five-year
anniversary of his company's
ipo.
he had good things to say, so
take a look.
>> you probably have i think one
of the greatest secular tail
winds in history
tell us about what goes right
for multiple years with grubhub.
>> it's incredible
like you said, it's just a
secular tailwind
the market now, this is our
fifth anniversary of our ipo
the market now is ten times what
i thought it was five years ago.
and it's because the american
public has just adopted digital
ordering as their preferred way
to engage with their local
restaurants.
>> not just millennials you're
saying
>> it's everyone
it's across the board.