GrubHub CEO: Deferring revenue during coronavirus to save restaurants
GrubHub pushes to leave restaurant kitchens open amid coronavirus
GrubHub CEO Matt Maloney discusses how saving struggling restaurants during the coronavirus pandemic is a priority.
Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here.
Continue Reading Below
Food delivery service GrubHub is deferring $100 million worth of commissions during the coronavirus crisis to help support independent restaurants in jeopardy after states ordered to close bars and restaurants to dine-in customers.
“We took the leadership position right away because we knew it was going to be a cash crunch for independent restaurants,” GrubHub CEO Matt Maloney told FOX Business’ Maria Bartiromo on Thursday. “We're working very closely with local authorities to understand how best to support the restaurants.”
RESTAURANTS CLOSED BY CORONAVIRUS COULD RECOVER QUICKER BY FOLLOWING 15-DAY GUIDELINES: PAT LAFRIEDA