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Just Eat Takeaway has announced its decision to delist from the London Stock Exchange, effective December 27, 2024. The move follows the sale of its US subsidiary Grubhub at a significant loss and aims to reduce administrative burdens and costs associated with maintaining a secondary listing in London.
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Grubhub has agreed to a $24.8 million settlement with the FTC over allegations of misleading pricing and deceptive practices. The settlement mandates changes to its business operations, including transparency in fees and removal of unaffiliated restaurants from its platform. Grubhub denies wrongdoing but aims to move forward.
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As tech companies face layoffs and economic pressures, many are reducing employee perks that once defined their corporate culture. Firms like Meta and Salesforce are cutting back on extravagant benefits, signaling a shift in workplace expectations.