Investors reassess the hope-and-hype business model, causing stocks like GrubHub to plunge
(This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening Brief, click here.)
Investors lately have been heeding that classic bit of advice for writers: “Kill your darlings.”
Rather than a writer deleting his most cherished but overwrought passages, investors are ditching some of the most hyped, unproven and aggressively priced growth stocks…