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

📆 2020/07/06 09:57:00
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Uber will acquire food delivery startup Postmates in $2.6 billion all-stock deal, reports say

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.

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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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