Just Eat Takeaway has officially sold its US food delivery service, Grubhub, to Marc Lore’s startup, Wonder Group, for $650 million. This move comes just three years after Just Eat acquired Grubhub for $7.3 billion, resulting in a staggering loss of over $6.5 billion. The sale represents a significant downturn for Grubhub, which is now valued at a fraction of what Just Eat paid for it. Following the announcement, Just Eat’s shares surged by 21%, indicating a positive market reaction to the divestment.