By Nick Robertson
Food delivery app giant Grubhub (GRUB) is taking a major bite out of restaurants’ profits, according to one New York City councilman. And now he says the Big Apple’s government needs to step in to re-balance the equation.
“Our small businesses, in particular, the restaurant owners, are in trouble,” New York City Councilman Mark Gjonaj (D) told Yahoo Finance’s The Ticker. “[GrubHub] really is taking away from the bottom line of these restaurants and undermines their very existence to keep their doors open.”
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