I'm Dear Drabosa, and you're listening to CNBC's Tech Check. Our show is live weekdays at 11 a.m.

Eastern. Listen in. Good Wednesday morning. Welcome to Tech Check. I'm Carl Kinteneo with John Ford and

Dear Drabosa. Today, the great rebuttling continues. A look at Amazon's new deal with Grubhub,

as competitors like Uber and DoorDash sink on that news. Plus what it means for the subscription

ecosystem as businesses try to capture consumer demand amid high inflation and rising rates from

Apple to Disney. We'll talk about it. Finally, we're going to check in on chips with the CEO of

Arm ahead of what might be one of the year's biggest IPOs, Dee. Carl, we're going to kick off with today's feed with Amazon's shift into food delivery,

or maybe we should say back into food delivery.

It was here once before.

Just Eat, the parent company behind Grubhub, announcing this morning that Amazon is taking a 2% stake in Grubhub.

That's its U.S. operations, which could eventually grow to as much as 15% if

certain metrics are met. In return, Amazon prime subscribers in the U.S. will get one year of

Grubhub Plus, adding to the list of prime benefits.

Guys, it's an interesting strategy for Amazon. Take a look at the shares of Grubhub

competitors. Uber and DoorDash dashes down about 8%.

These companies have been moving beyond restaurant delivery into things like beauty, electronics,

convenience. That's Amazon territory right there. So this perhaps is Amazon saying,

I see you guys, and I'm going to keep tabs on you, and I'm going to help the number three player.

Indeed.

It's somewhat of a tricky game, though, I think, because here's a service that Amazon's adding to Prime that they don't control.

And Grubhub, I mean, hasn't done that great in this space.

So the risk to Amazon is they add a number three.

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