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

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.

Oh wow - big news.

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

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

Uber to acquire Postmates in $2.6 billion deal: Reports - 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. Looking for Business card, Logo, Banner, flyer? Order me or contact me for your design.. death for postmates Uber is that disruptive mirror example of everything wrong with the market
Source: BusinessInsider - 🏆 729. / 51 Read more »

Uber to buy Postmates in $2.65 billion food delivery stock deal - 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. Arent they 20% owned by MBS/Saudi Arabia? YaBugginMeng I could use a few billions
Source: BusinessInsider - 🏆 729. / 51 Read more »