United States  

Uber Looking To Buy Postmates

Video Credit: Wochit News - Duration: 00:27s - Published
Uber Looking To Buy Postmates

Uber Looking To Buy Postmates

The NY Times and Business Insider report that Uber is holding acquisition talks with food delivery startup Postmates.

Earlier this year Uber was reported to be holding acquisition talks with Grubhub.

But those talks reportedly fell through.

In mid-June Grubhub announced it was merging with Just Eat.

Postmates is smaller than Grubhub, and would be more amenable to a take-over.


You Might Like


💡 One News Page Knowledge: Other News Mentions

Uber Uber American vehicle for hire, freight, food delivery, courier, and parcel delivery company

Though it has no teachers, this company gets millions meant for private, charter schools

For-profit Prenda has seen a surge of interest in its microschools during the coronavirus pandemic. The company aims to be the Uber or Airbnb of..
USATODAY.com
Uber And Lyft Users And Sales Drop [Video]

Uber And Lyft Users And Sales Drop

Usage for Uber and Lyft has been ravaged due to the pandemic. Business Insider estimates that the number of Uber users will drop by 28.3% (15.2 million fewer people this year than in 2019). Lyft users will drop by 32.3% (10.3 million fewer). Business Insider reports that sales will rebound strongly in 2021. Growth of 70.2% for Uber and 44.1% for Lyft.

Credit: Wochit News    Duration: 00:30Published
We've mended our ways, Uber tells London court [Video]

We've mended our ways, Uber tells London court

Uber told a London court on Tuesday that it had addressed all safety and security issues surrounding the app, and thus deserves to get its license back in the city. Julian Satterthwaite reports.

Credit: Reuters Studio    Duration: 01:07Published
All Uber vehicles to be electric by 2040 [Video]

All Uber vehicles to be electric by 2040

The ride-hailing company said Tuesday 100 percent of its vehicles globally will be battery-powered in 20 years. It's committing $800 million to help drivers switch over their vehicles. Caroline Malone reports.

Credit: Reuters - Politics    Duration: 01:15Published

Business Insider Business Insider Financial and business news website published by Insider Inc.

Amazon's Dominance Under Threat: Walmart, Instacart [Video]

Amazon's Dominance Under Threat: Walmart, Instacart

Hi! Welcome to the Insider Advertising daily for September 22. I'm Lauren Johnson, a senior advertising reporter at Business Insider. Subscribe here to get this newsletter in your inbox every weekday. Send me feedback or tips at [email protected] Today's news: Walmart and Instacart chip away at Amazon's ad dominance, Quibi mulls a sale, and Suzy raises $34 million.

Credit: Wochit News    Duration: 00:33Published
Financial Planners Reveal What To Consider Before Buying A Second Home [Video]

Financial Planners Reveal What To Consider Before Buying A Second Home

With record low-interest mortgage rates and a collective pandemic-driven desire to get out of town, many people are seriously considering buying a second home. According to Business Insider, financial planners say there are three things that potential buyers should think about before taking the plunge. Business Insider reports that first, you need to have your own financial house in order. Be on track for retirement, and have absolutely zero high-interest debt.

Credit: Wochit News    Duration: 00:41Published
Jack Ma's Ant Group Putting Together Largest IPO In History [Video]

Jack Ma's Ant Group Putting Together Largest IPO In History

Business Insider reports that Jack Ma's Ant Group is looking to raise its funding target to $35 billion through its initial-public-offering. Ant is Alibaba's fintech arm and China's dominant mobile-payments service. Ant raised its valuation to $250 billion from $225 billion. Previously, the company expected to raise $30 billion. When Ant goes public, its listing will likely be the largest IPO in the world.

Credit: Wochit News    Duration: 00:24Published
If Wages Had Kept Up With GDP, This Is What The Median Salary Would Be In The US [Video]

If Wages Had Kept Up With GDP, This Is What The Median Salary Would Be In The US

Wages in the US have not kept up with the pace of growth in the gross domestic product, or GDP, as they used to in the 1950s and 1960s. In fact, a new report finds that the median salary would have been as high as $102,000 for a full-time employee if wages increased at the same pace as GDP. According to Business Insider, the median income right now is half that, at $50,000. The average wage of 44% of workers before the pandemic was as low as $18,000.

Credit: Wochit News    Duration: 00:34Published
Black Americans Don't Invest As Much As Whites Do, And The Reasons Are Complex [Video]

Black Americans Don't Invest As Much As Whites Do, And The Reasons Are Complex

While the investing gap between black and white Americans is narrowing, it's still significant. What's more, there is no one single reason for discrepancy. In 2015, 67% of black households earning $50,000 or more invested in stocks or mutual funds, versus 86% of similar white households. And according to Business Insider, Duke University researchers say the median black household holds just 10% of the wealth of the median white household.

Credit: Wochit News    Duration: 00:42Published

Related news from verified sources

Uber is reportedly trying to buy Postmates

Uber might have missed its chance to buy Grubhub, but it might not go away empty-handed. New York...
engadget - Published Also reported by •USATODAY.comBusiness InsiderbizjournalsTechCrunchNYTimes.comFT.comMotley Fool


As Uber hunts for a deal, can Postmates leverage an IPO?

If Postmates has managed anything like revenue growth acceleration because people have been staying...
TechCrunch - Published Also reported by •NYTimes.com


Postmates reportedly reboots IPO plans, mulls Uber deal

Food delivery startup Postmates is reactivating the initial public offering it had registered with...
SmartBrief - Published


Tweets about this

AIHammer

Alex Hammer GET PAID to TAKE VIDEOS ON YOUR ROUTE! Hey everyone, My company, Knoow, is looking to pay DoorDash, PostMates, Ub… https://t.co/vnSXEBhcst 1 hour ago

satounakaa

Felony Committer Hmmm Uber Eats more options cheaper prices! @Postmates looking like a piece of shit! 1 day ago

David_Raffin

David Raffin (Comrade, Brother, Magician)🐇🔥🎩👙 RT @Jewelshepard: Lyft will no doubt follow. Uber claims they cannot add 50 thousand employees ‘overnight’ but can afford to buy Postmates… 1 day ago

Jewelshepard

Jewel Shepard Lyft will no doubt follow. Uber claims they cannot add 50 thousand employees ‘overnight’ but can afford to buy Post… https://t.co/1PnCMYRvqi 1 day ago


Related videos from verified sources

Uber Reportedly in Talks to Acquire Postmates as Food Delivery Rises in Usage [Video]

Uber Reportedly in Talks to Acquire Postmates as Food Delivery Rises in Usage

Uber is reportedly in talks to acquire Postmates in a potential multibillion dollar deal. The news comes as the company also considers going public as food delivery services rise in popularity amid the..

Credit: Cheddar Inc.     Duration: 00:17Published
Queer Eye's Karamo; Reddit Axes The_Donald; Uber Eats Up Postmates | Digital Trends Live 6.30.20 [Video]

Queer Eye's Karamo; Reddit Axes The_Donald; Uber Eats Up Postmates | Digital Trends Live 6.30.20

On Digital Trends Live today: Joining us on the show today is Queer Eye's Karamo Brown discussing his new podcast, empathetic listening and the toxicity of social media; Who's Got Game? with YouTuber..

Credit: Digital TrendsPublished
Postmates Could Be Purchased by Uber for a Reported $2.6B [Video]

Postmates Could Be Purchased by Uber for a Reported $2.6B

Credit: Veuer     Duration: 00:53Published