Uber to acquire Postmates in $2.6 billion deal: Reports - Business Insider

People familiar with the matter told Bloomberg and The Times that the all-stock deal could be announced as soon as Monday. According to The Times, Uber is expected to merge Postmates with its popular homegrown food delivery app Uber Eats.

Pierre-Dimitri Gore-Coty, the Vice President of Uber Eats, is expected to run the combined delivery business, according to both The Times and Bloomberg. was co-founded by Bastian Lehmann, Sam Street, and Sean Plaice in 2011 and has grown to include a fleet of over 500,000 members and 600,000 merchants across 50 states.

Capitalism leads to less competition not more. Communism on the other hand actually encourages friendly competition and creates an actual market for efficacious ideas instead of a market for who has lordship over resources with a lot of luck.

Uber is that disruptive mirror example of everything wrong with the market

death for postmates

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