Hints and tips:
...Another on-demand restaurant player, Postmates, first launched as a service to pick up any item from any local store....
...Uber acquired Postmates in July 2020 in a deal worth $2.65bn....
...He said the company also gained 110,000 active couriers as part of its recently completed acquisition of former rival Postmates....
...roof, “cloud” or “ghost” kitchens, with no other physical presence, serve up food from 30 distinct restaurant brands and distribute them via the four leading food-delivery platforms: DoorDash, Uber Eats, Postmates...
...Over 90 per cent of the $224m spent promoting it came from companies like Uber, Lyft, DoorDash, and Postmates, making it the most expensive ballot initiative in state history....
...There has been consolidation in some regions — in the US Uber acquired rival companies including alcohol delivery service Drizly and food delivery company Postmates....
...However, data from research company Second Measure suggests Uber Eats, even with Postmates, is still a second-place player in the US delivery market behind DoorDash....
...The deal comes months after Uber acquired US food delivery rival Postmates for $2.65bn, and will be paid with more than 90 per cent in Uber stock, with the remainder in cash....
...Effectively, Postmates will become a unit of a publicly traded transport company....
...Just a few weeks after Uber lost the chance to buy Grubhub it is eyeing up private rival Postmates. Postmates, last valued at $2.4bn, is a far smaller prize....
...We’re never satisfied, but we think that this Postmates deal gets us stronger in the US.”...
...JPMorgan was leading the Postmates IPO process, said people briefed on the matter....
...” of merchants making use of the Postmates application programming interface....
...A combined Uber-Postmates would control about 37 per cent of the national market, versus DoorDash’s 45 per cent....
...A spurt of dealmaking over the past two weeks, including Uber’s $2.65bn purchase of Postmates and Berkshire Hathaway’s $9.7bn takeover of Dominion Energy’s natural gas transmission business, has reinvigorated...
...Uber is expanding its delivery business: it agreed last month to acquire rival delivery service Postmates in an all-stock deal worth $2.65bn....
...Postmates, which mostly delivers food but also handles other goods, will from Friday offer US users the option to instruct drivers to leave deliveries on the doorstep at a set time, rather than handing them...
...Yet its results have been trending down due to the price war with Uber Eats, DoorDash and Postmates....
...In the US, DoorDash and Postmates have both launched subscription offers that waive delivery fees on orders in exchange for a flat monthly payment....
...Uber and Postmates said they were considering whether to appeal....
...Earlier this year Uber and the delivery company Postmates challenged AB5 in court, arguing that they were being treated unfairly....
...Miguel Perez, who does courier work for Postmates, wrote that the law would eliminate the freedom he enjoys from working when he wants....
...In the US, having lost ground in food delivery to rival DoorDash, Uber struck a deal to acquire Postmates for $2.65bn. When completed, the move will help it gain some market share....
...(Bloomberg) News round-up Uber Eats/Postmates: food might (FT Lex) Paulson closes hedge fund to external investors (FT) Hargreaves says revamped ‘best buy’ list would exclude Woodford fund (FT) Virgin...
...Lyft is part of a consortium of gig economy firms — along with Uber, DoorDash, Postmates and Instacart — to have pooled $100m to back a new ballot measure to replace AB5....
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