Four Democratic U.S. senators warn against Uber buying Grubhub

  • 📰 Reuters
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 97%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

Four Democratic lawmakers, led by Senator Amy Klobuchar, wrote to antitrust enforcers on Wednesday to warn that plans by Uber Technologies Inc, owner of Uber Eats, to buy rival online food delivery company Grubhub Inc would 'raise serious competition issues' in many cities.

FILE PHOTO: A banner announcing Uber Technologies Inc. hangs above the floor of the New York Stock Exchange during the company's IPO in New York, U.S., May 10, 2019. REUTERS/Andrew Kelly

In their letter, the lawmakers said the deal would give Uber and Grubhub 48 percent of the U.S. market, while Doordash would have 42 percent. A merged Uber Eats and Grubhub would have 79 percent of the market in New York, 68 percent in Boston, 65 percent in Miami, 60 percent in Chicago and 51 percent in Atlanta.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

TITLE: NATIONAL ECONOMIC STABILIZATION AND RECOVERY ACT Be it enacted by the Senate and House of Representatives of the United States of America in Congress Assembled, Past and signed into law by president Clinton was to be announced on September 11. 2001. But what happened!!!!!!

Haha worries bout that but not Apple, Google, FB, and Amazon buying up companies. Neolibs and Rs are both morally corrupt

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Why Uber Might Eat Grubhub - The Journal. - WSJ PodcastsUber and Grubhub are in talks for a takeover. WSJ's Cara Lombardo explains why it took a pandemic to shake up the crowded food delivery business, and why there may be more deals-in more industries-before the crisis is over.
Source: WSJ - 🏆 98. / 63 Read more »

Uber is offering laid off employees a generous severance package - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. 'healthcare until the end of 2020' - COBRA? Define “generous” Uber? The fees on gross receipts charged to uber drivers are pretty darn generous too vs. off the top fees. Is this a joke?
Source: BusinessInsider - 🏆 729. / 51 Read more »

Uber plans to increase severance to hourly workers who were laid off - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

SoftBank-backed Ola follows Uber with job cuts as revenue sinksSoftBank Group-backed Indian ride-hailing company Ola will cut 1,400 jobs, or about 35% of its workforce, as it navigates a strict coronavirus lockdown that has halted 95% of its business, company chief Bhavish Aggarwal told employees on Wednesday.
Source: Reuters - 🏆 2. / 97 Read more »