Executive Decision: Matt Maloney
For his "Executive Decision" segment, Cramer sat down with Matt Maloney, CEO of GrubHub
(GRUB), the online takeout service that came public six weeks ago. For its first quarter as a publicly traded company, GrubHub posted a five-cents-a-share earnings beat on a 50% jump in year-over-year revenue.
Maloney explained that GrubHub has a two-sided model. The company has over 30,000 restaurants in 700 cities on its platform and makes a commission on every order placed. He said that for restaurant owners and diners alike GrubHub is replacing the paper takeout menu.
While the company's corporate business is picking up steam, Maloney said the consumer market is far and away the biggest opportunity, which is why the company continues to focus on the dining and is constantly optimizing its app to meet customers needs.
Cramer said the GrubHub story remains compelling. Now that the stock has fallen from 28% off its first-day highs, it's worth doing some homework.