EDITOR'S NOTE
GrubHub's more than 40% slide Tuesday should remind investors of an important lesson: If anybody can knock off a business idea, there's a good chance somebody will.
Beyond Meat was another big loser Tuesday, down more than 20%. A lockup period expired and now company insiders can sell for the first time since their spectacular initial public stock offering. A sell-off was to be expected. The company's success, after all, is based on a recipe and recipes can be copied.
WeWork, which recently dashed plans for an IPO, has the same issue. It's mostly just a marketing fete to lease office space and break it up into coworking units. The barriers to entry are just not high enough to keep competitors at bay. ![]()
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