WASHINGTON - Uber Technologies Inc’s plan to buy Postmates Inc could pose problems in Miami and Los Angeles where the two dominate the food delivery market, according to antitrust experts who said it would be difficult to set up an asset sale to resolve the issue.
With the deal, Doordash remains the industry leader at 45% of sales for May, Uber Eats becomes No. 2 at 30% and Grubhub would be No. 3 at 23%, according to research firm Second Measure. The difficult task facing enforcers would be to allow the companies to combine but to leave space for rivals to grow in the cities where the worst concentration occurs, said Chris Sagers, who teaches at the Cleveland-Marshall College of Law.
Source: News Formal (newsformal.com)
Uber is always in news for Billions of losses but how the hell it’s still able to able other companies for billion of dollors ?
The reasons why Chinese bride cry before marriage for a month The brides have to cry everyday for an hour for a month before their wedding
I don't think so
Uber is a Racist Company thinking that boosting black companies and not helping white owned companies is fair is bullshit. Tears this country further apart creates a bigger / how many white drivers do they have. drove 4 years never again will I drive or use uber.
So as a Fleet member, will I be folded into Uber?
And for that reason, it should be DENIED by regulators.
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Uber Agrees To Buy Postmates For $2.65 Billion - ReportsI am a breaking news reporter for Forbes in London, covering Europe and the U.S. Previously I was a news reporter for HuffPost UK, the Press Association and a night reporter at the Guardian. I studied Social Anthropology at the London School of Economics, where I was a writer and editor for one of the university’s global affairs magazines, the London Globalist. That led me to Goldsmiths, University of London, where I completed my M.A. in Journalism. Got a story? Get in touch at isabel.togohforbes.com, or follow me on Twitter bissieness. I look forward to hearing from you. I know what I’m buying in the aye emmmmmm Yeap... I now work from home. I gained 20 pounds. EVERYTHING I think I know comes from the idiot box. FASCINATING.
Source: Forbes - 🏆 394. / 53 Read more »
Uber to acquire Postmates in $2.6 billion deal: Reports - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Looking for Business card, Logo, Banner, flyer? Order me or contact me for your design.. death for postmates Uber is that disruptive mirror example of everything wrong with the market
Source: BusinessInsider - 🏆 729. / 51 Read more »
Uber to buy Postmates for $2.65 billion: reportsUber Technologies Inc. has agreed to purchase food-delivery service Postmates for around $2.65 billion, according to media reports Sunday night. Bloomberg News and the New York Times both reported the deal, which is expected to be formally announced as soon as Monday. Postmates would be absorbed into the Uber Eats service, with Uber Eats chief Pierre-Dimitri Gore-Coty running the combined company, the reports said. Reports of a pending deal first surfaced last week, after Uber failed in a bid earlier this year to acquire rival food-delivery company GrubHub. Yes please consolidate all the negative profit companies. How much profit they hv a year now...? Is this good or bad for Uber stock?
Source: MarketWatch - 🏆 3. / 97 Read more »
Uber, Postmates agree on $2.65 billion all-stock deal: Bloomberg NewsRide-sharing company Uber Technologies Inc has agreed on a deal to buy food-delivery app Postmates Inc in a $2.65 billion all-stock agreement, Bloomberg News reported https://bloom.bg/2Z0TVcd late Sunday, citing people familiar with the matter. I seriously dont care Congrats naval 🙏🏼 That means more and more fees
Source: Reuters - 🏆 2. / 97 Read more »