America's love for take-out is spurring a boom in food delivery startups. Uber Technologies’ ride could be getting even more costly. The ride-hailer has languished in its first few weeks as a public company, closing down 8% on Monday from its opening day highs on May 10. Of the frenzy of public offerings this year, Uber’s was one of the most highly anticipated. Now Uber’s food-delivery sideline could add to the pain.

Source: Wall Street Journal May 22, 2019 11:00 UTC