Blue Apron, Grubhub stocks soar as Covid-19 spreads
As the spread of Covid-19 prompts abrupt restaurant closures across the nation, meal kit company Blue Apron—which has struggled mightily in recent months—saw huge stock market gains, according to Bloomberg. Similarly, shares of delivery platform Grubhub soared this week, as eaters practiced social distancing and restaurants expanded their delivery offerings. It’s all part of a boom in online food delivery seen in response to the pandemic. But will the interest endure as the U.S. gets a handle on the crisis—or, conversely, as self-isolation becomes a longer-term norm? We’ll look for the proof in the made-from-scratch pudding.
