Daily news and analysis about the food tech revolution
UPDATE: Uber CEO Dara Khosrowshahi said the company would probably shut down operations in California temporarily if this week’s ruling is not overturned. However, that would only apply to the […]
The big news this week was that Uber is acquiring rival food delivery service Postmates for $2.65 billion in an all-stock deal. There is a lot to be determined about […]
Uber announced today that it will launch grocery delivery in select cities this month. The announcement comes at a time when the global COVID pandemic has spurred consecutive monthly record-setting […]
Uber has agreed to acquire Postmates in a roughly $2.65 billion all-stock transaction, according to a press release from Uber. The deal is expected to close in the first quarter […]
Just weeks after it lost the chance to acquire Grubhub, Uber has made an offer to buy Postmates, according to the New York Times. Three sources “familiar with the matter” […]
Uber has made an offer to buy Grubhub, according to a report from Bloomberg. A potential deal could be reached as early as this month and would be an all-stock […]
Despite the gargantuan loss of $2.94 billion Uber posted, the company’s Eats business saw massive growth during the first quarter of 2020. For Uber Eats, the company saw a 52 […]
Just before Christmas, it was announced that Travis Kalanick, the founder and former CEO of Uber, will be leaving that company’s board of directors at the end of this month. […]
Uber CEO Dara Khosrowshahi’s comments on Saudi Arabia are rightly grabbing most of the headlines today, following his televised appearance on Axios on HBO this weekend. But during that interview, […]
Uber beat estimates but still posted over $1 billion in losses in the most recent quarter, according to the company’s Q3 earnings call this week. While Uber’s Rides business shows […]
More and more it’s looking like food-related programs are what will help rideshare companies generate more loyalty from both drivers and customers. At least, that’s what Uber and Lyft would […]
Uber announced today that it is acquiring a majority ownership of Cornershop, an online marketplace for on-demand delivery from supermarkets across Chile, Mexico, Peru and Toronto. The deal is expected […]
