Will the Acquisition Between Uber and Grub Hub Boost Profitability?

Uber looked to acquire Grub Hub amid COVID-19 in hopes of boosting profitability for the food-delivery service industry. Equity Research Analyst, Ygal Arounian, discusses with TDAM how Uber is committed to becoming profitable sooner rather than later. Additionally, he explains how the industry has become more competitive, resulting in companies to cut their profitability by price discounting.

For more comments from Ygal Arounian, view his full appearance.