Uber Eats Its Competitor Postmates

To no one’s surprise, Uber announced today that it would spend $2.65 billion to acquire fourth-ranked restaurant food delivery service Postmates. For that, they gain probably 8 to 10 million active users at a $330 per user valuation. To us, that the deal is an all-stock exchange suggests desperation on the part of Postmates. The … Continue reading Uber Eats Its Competitor Postmates