GrubHub Loses MILLIONS After CEO Demands Trump Voters Resign
On Wednesday, the CEO of online food delivery service GrubHub, Matt Maloney, sent out an message to all of his employees bashing President-elect Donald Trump and saying that any employees who agreed with Trump should turn in their resignations.
While anti-Trump liberals cheered the purportedly principled move, investors and consumers booed, as was reflected by the significant dip their market shares took following the announcement, according to Investing.
Shares of GrubHub were down roughly 5 percent on the day, about -$1.70 per share, bringing the value of GrubHub stock down to about $35.37. Over the two days since Maloney’s statement was released, shares were down more than 9.4 percent total. – READ MORE