Grubhub (GRUB) Shares Under Pressure as CEO Lashes Out at Trump

November 11, 2016 10:05 AM EST

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Grubhub (NYSE: GRUB) is the latest stock to get hit on fears of backlash from a Donald Trump presidency after the CEO of the company said any employee that supports Trump should leave.

In an e-mail to employees, co-founder Matt Malone said, "While demeaning, insulting and ridiculing minorities, immigrants and the physically/mentally disabled worked for Mr. Trump, I want to be clear that this behavior - and these views, have no place at Grubhub. Had he worked here, many of his comments would have resulted in his immediate termination. "

He later clarified, saying "I did not ask for anyone to resign if they voted for Trump."

Shares of GRUB last traded down 5.1%.



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