
Uber scoops up Postmates for $2.65 billion in delivery push
Uber Technologies (NYSE:UBER) Inc on Monday said it would acquire Postmates Inc for $2.65 billion to expand its food delivery market share and significantly increase the business of supplying everyday goods at a time when the coronavirus has pummeled its core ride-hailing service.
The all-stock deal, still subject to regulatory approval, would give Uber a roughly 30% share of the U.S. food delivery market, trailing only rival DoorDash, which commands some 45%, according to analytics firm Second Measure…
Source: Investing
Trending Articles
by
on
Gold soars to record high, stocks stay uncertain
by
on
Bank of America profit more than halves…
by
on
Dow surges 320 points, briefly retakes perch at…
by
on
what’s in store for stocks through Election Day…
by
on
Is Whole Earth Brands A Good Position To Invest…
by
on
Big Tech’s big test arrives in the busiest…
by
on
Apple price target raised to $400 at Deutsche Bank
by
on
Closed Apple Stores could change iPhone buying…
by
on
Ryanair to Cut Back Flights to Italy…
by
on
Goldman Sachs confirms $3.9 billion settlement…
by
on
What happens after the S&P 500’s best quarters…
by
on
This chart might have you rethinking investment
by
on
88 Stocks Moving In Friday’s Mid-Day Session…
by
on
High Volatility Is Here To Stay In 2020…
by
on
Alibaba says cloud unit to recruit
by
on
Oil Stockpiles Spike 5.65 Million Barrels
by
on
Shares of Boeing Co. BA, -3.47% rallied nearly 12%…
by
on
China’s Investment in Australia Falls to
by
on
Crude Oil Prices Fall on Fears of Fresh Lockdowns
by
on
Market’s hot streak is just beginning…
by
on
Is BlackBerry (TSE:BB) A Risky Investment ?
by
on
Exxon Mobil, American Express share…
by
on
Asian Stocks Are Mostly Down At The Start Of…
by
on
UBS tops forecast on investment banking results
by
on
Twitter shares stumble after unprecedented hack
by
on
Gold Pierces $1,900 First Time Since 2011…
by
on
Why stocks don’t seem worried about COVID…
by
on
Stocks and Futures Rebound
by
on
Nasdaq earnings expected to benefit from tech rally
by
on
Airline Stocks Have Gotten Rocked by Coronavirus….
by
on
Southwest Airlines stock rallies…
by
on
The Nasdaq isn’t just beating the Dow and S&P 500
by
on
Stock inches up after profit and sales beat…
by
on
Oil prices rise as easing of lockdowns spurs
by
on
JPMorgan Says Giant Volatility Product May Rise…
by
on
Nasdaq in record territory, techs rise, S&P 500 flips positive…
by
on
Shares of Hertz Global Holdings Inc…
by
on
Morgan Stanley posts record profit on trading boom
by
on
Tesla Stock Could Join the S&P 500 Soon
by
on
Bitcoin Jumps Above $10,000 for the…
by
on
This ‘world-class disruptor’ is this the next Netflix?
by
on
These 5 Giant Stocks Are Driving The U.S. Market…
by
on
Netflix pulled off a showstopper early…
by
on
Caution remains in the stock market…
by
on
Google’s $2.1 billion Fitbit deaL…
by
on
Yuan surges as investors bet on China revival
by
on
Virgin Atlantic bosses to take 15% pay cut
by
on
Wirecard administrator sees interest from buyers
by
on
Bond Traders Clamoring for Answers Bet the Fed Isn’t Done Yet
by
on
Fed warns stock market of a second recession if…
by
on
Intel admits another defeat…
by
on
Why stocks don’t seem worried about COVID…
by
on
GBP/USD at 5-Week high, breaks above 1.27
by
on
Nissan secures $7.8 billion from creditors…
by
on
Gold storms past $1,800 towards new record high
by
on
Months of speculation, investors get…