What happened Shares of Just Eat Takeaway.com (NASDAQ: GRUB) were tumbling 9.6% in afternoon trading Thursday after the third-party food delivery giant provided a generally upbeat business update, but also noted it may be booted from FTSE indexes when the London Stock Exchange (LSE) organization does its semi-annual review in September. So what Just Eat Takeaway says it has completed its merger with Grubhub to create one of the world's largest food delivery companies. It noted combined global orders grew 37% in the second quarter, 47% coming from outside the U.S. and 14% in the U.S. Image source: Grubhub. Over the first half of 2021, combined orders were up 51%, and though it's reporting unspecified adjusted EBITDA losses for the period, it believes they have peaked. They were caused by caps on fees delivery companies in the U.S. could charge, and management now believes adjusted EBITDA margins will improve going forward. Now what Just Eat Takeaway said the FTSE Russell investment management division of the LSE is expected to make a determination on the nationality of stock listings for inclusion in indexes. Just Eat Takeaway is headquartered in Amsterdam while Grubhub is in Chicago. Depending on which country FTSE decides it belongs to could result in the loss of index inclusion. Removal from an index means institutional investors would have to sell the food delivery stock to conform to the index makeup. 10 stocks we like better than Just Eat Takeaway.comWhen our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* They just revealed what they believe are the ten best stocks for investors to buy right now... and Just Eat Takeaway.com wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of June 7, 2021 Rich Duprey has no position in any of the stocks mentioned. The Motley Fool recommends Just Eat Takeaway.com N.V. The Motley Fool has a disclosure policy.Source