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Grubhub's stock plunges as food delivery competition grows

By MATT OTT, The Associated Press NEW YORK (AP) — Shares in Grubhub plunged 43% Tuesday after it sharply cut its revenue expectations for the year and warned of intense competition. The steep decline in share price wiped away more than $2.3 billion of the company's stock market valuation. It is the worst single-day decline for shares since the company went public almost six years ago. In a candid letter

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