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Uber's Postmates deal an 'aggressive' move in battle against DoorDash - Business Insider

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Uber just made an 'aggressive' move in its battle against food-delivery leader DoorDash by buying Postmates, an industry watcher says

will put the ride-hailing company in a better position to compete against DoorDash, Wedbush Securities said in a note to clients on Monday.After Uber's acquisition talks with GrubHub failed to produce a deal, Uber was left "with its back against the wall" in a delivery industry moving toward consolidation, Wedbush said.

"This is an aggressive move by Uber to take out a competitor on the Uber Eats front and further consolidate its market position," the firm said. Wedbush added that the Uber-Postmates deal is not likely to attract the scrutiny of antitrust regulators in the way the discussions between Uber and GrubHub did.for the ride-hailing company this year as its taxi business has been hit by the coronavirus pandemic.

 

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Oh wow - big news.

Uber bought an unprofitable business which is predicted on slave labor and illegal employment status. Good luck with that Uber 😂

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 /  🏆 729. in BR

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