The provided text discusses the financial struggles of Just Eat, a European food delivery company, specifically focusing on its failed US venture, Grubhub.
The author, Enrique Dans, analyzes the reasons behind Grubhub's decline in value, citing poor management, regulatory fee caps, and a high acquisition price.
He argues that the food delivery market is becoming increasingly competitive, leading to difficult conditions for companies, similar to the challenging weather faced by delivery riders.
This article is also available in English on my Medium page, «Can Just Eat weather the food delivery storm?«
