America's love for take-out is spurring a boom in food delivery startups. Takeout stocks plunged on Friday after Amazon announced an investment in a fast-growing meal-delivery startup. Deliveroo, founded by two Americans in London in 2013, announced on Friday a $575 million funding round led by Amazon. Shares in Just Eat, a pioneering U.K. website for ordering takeout food that now competes with Deliveroo, fell almost 10%. Shares in Delivery...

Source: Wall Street Journal May 17, 2019 16:51 UTC