Amazon's Deliveroo investment is a bad sign for Uber — shares of an Uber Eats rival are tanking
Friday, 17 May 2019 **
· *Amazon has led a $575 million financing round into Deliveroo, one of Uber Eats' archrivals.*
· *Uber went public last week and saw its stock plunge 8% on its first day of trading.*
· **Uber Eats had much larger revenue than Deliveroo at last count, and nearly three times the number of restaurant partners.**
On Monday Uber CEO Dara Khosrowshahi sent an email to employees, addressing the ride-hailing giant's brutal stock-market debut. Business Insider reports that in the letter he noted that while the market has so far punished Uber's newly minted shares, employees should be mindful that its early...