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...
Amazon has invested in a $575 million funding round for the London-based food delivery platform, Deliveroo, entering the e-commerce giant into a crowded market of competitors like Uber Eats, DoorDash,..
The end of Amazon Restaurants doesn't mean it's giving up. In May, Amazon led a $575 million investment round into the British food-delivery service Deliveroo. Motley Fool Also reported by •bizjournals