ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

JPMorgan Chase to Acquire Leading Restaurant Discovery Platform, The Infatuation

With this newest acquisition, JPMorgan Chase plans to integrate The Infatuation as a trusted authority in dining recommendations and help customers explore more by connecting to experiences they crave

JPMorgan Chase (NYSE: JPM) today announced that it has signed an agreement to acquire The Infatuation, the popular restaurant discovery platform designed to provide honest recommendations for where to eat. The deal aims to accelerate the firm’s investment in dining, and further demonstrates JPMorgan Chase’s commitment to meeting customers where they are with exceptional benefits, useful content and one-of-a-kind experiences, at scale. JPMorgan Chase will acquire The Infatuation’s entire business, including Zagat.

“We’ve long admired The Infatuation’s fresh approach to reaching people with relatable content that inspires new ways to experience life through food and drink, whether it’s down the street or across the globe,” said Marianne Lake, co-CEO of Chase. “We look forward to building on our complementary missions of connecting people to experiences around a shared passion for dining.”

The Infatuation will retain its independent point of view and operate as a distinct brand under JPMorgan Chase, led by The Infatuation CEO and Co-Founder, Chris Stang. The brand’s consistent editorial-first focus will continue creating and sharing relatable, situational content that helps people find the best restaurants around the world.

“This partnership with JPMorgan Chase provides an incredible opportunity for us to engage with more people around the world and continue on The Infatuation’s mission of delivering the most useful and trustworthy recommendations in dining and travel,” said Chris Stang, CEO and co-founder, The Infatuation. “JPMorgan Chase has proven to understand the value that high quality content and experiences can have in building strong relationships with consumers who are passionate about these pursuits, and we’re excited about the enormous potential that will be unlocked by combining our resources.”

Founded in 2009, by Stang and co-founder Andrew Steinthal, The Infatuation is an editorial platform built with real people sharing real opinions to help find the best restaurant for any situation. The Infatuation has grown to be one of the most influential sources for restaurant recommendations online and is the go-to destination for millions of hungry consumers to get honest and trusted reviews and situationally specific dining guides. In addition to its regional presence across 50 cities in the U.S. and abroad, The Infatuation also connects with consumers via their mobile app, live dining events and experiences, a membership program offering perks and discounts, and through their marquee bi-coastal food festival, EEEEEATSCON.

Lake adds, “We look forward to welcoming The Infatuation team to JPMorgan Chase and anticipate our collaboration will create more ways to engage our growing base of shared customers through dining and experiences.”

About JPMorgan Chase

JPMorgan Chase & Co. (NYSE: JPM) is a leading financial services firm based in the United States of America (“U.S.”), with operations worldwide. JPMorgan Chase had $3.7 trillion in assets and $286.4 billion in stockholders’ equity as of June 30, 2021. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. Under the J.P. Morgan and Chase brands, the Firm serves millions of customers in the U.S. and globally many of the world’s most prominent corporate, institutional and government clients. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.

Contacts

Recent Quotes

View More
Symbol Price Change (%)
AMZN  222.86
-7.44 (-3.23%)
AAPL  271.40
+1.70 (0.63%)
AMD  254.84
-9.49 (-3.59%)
BAC  53.03
+0.45 (0.86%)
GOOG  281.90
+6.73 (2.45%)
META  666.47
-85.20 (-11.33%)
MSFT  525.76
-15.79 (-2.92%)
NVDA  202.89
-4.15 (-2.00%)
ORCL  256.89
-18.41 (-6.69%)
TSLA  440.10
-21.41 (-4.64%)
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.