Those working on such projects were hit hard in recent layoffs. Bad Bets: Big tech companies have long been willing to fund efforts with no obvious payoff.Silicon Valley Bank: The sudden collapse of Silicon Valley Bank has set off panic across the tech world, rattling a start-up industry already on edge.Meta: The company said that it planned to lay off about 10,000 employees, or roughly 13 percent of its work force - another round of job cuts after it laid off more than 11,000 people in November.If Uber had bought Grubhub and combined it with Uber Eats, the result would have been the largest food delivery service in the United States, with about a 55 percent market share. Uber had been in talks to buy Grubhub, but those discussions foundered over price and regulatory concerns, said people with knowledge of the discussions, who were not authorized to speak publicly. Maloney said the companies would place “extra value on volume at independent restaurants, driving profitable growth.” “I am excited that we can create the world’s largest food delivery business outside China,” Jitse Groen, the chief executive of Just Eat Takeaway, said in a statement. Grubhub’s founder and chief executive, Matt Maloney, will join Just Eat Takeaway’s board and oversee its business in North America, the companies said. In the all-stock deal, Just Eat Takeaway said it would value Grubhub at $75.15 per share, a 27 percent premium to Grubhub’s closing price of $59.05. Just Eat Takeaway, a European food delivery service, said on Wednesday that it had agreed to buy Grubhub for $7.3 billion, a deal that would give it a foothold in the United States.

Seamless owned by grubhub