Grubhub

Competition is getting fierce in food delivery

Data: YouGov; Chart: Axios Visuals

Food delivery apps look to have found a sweet spot as data shows more than a quarter (27%) of Americans spend up to $50 each month on delivery.

The big picture: Competition among delivery companies is getting serious as more sign exclusive agreements with restaurants, closing the door on competition.

Tech is eating restaurants' lunch

An illustration of a fork with money on it.
Illustration: Aïda Amer/Axios

The restaurant industry is increasingly digital. That's good news for tech bros, but it's bad news for restaurateurs.

The big picture: Restaurants have always embodied the perils and the promise of capitalism. Their failure rate is high, but they're also a time-honored way for immigrants in particular to use hard work and entrepreneurial zeal to break into the middle classes.