Tech IndustryJul 1, 2021
Twitterharambaee

Did Postmates make a mistake by being acquired instead of going public?

Since they were acquired by Uber, we've seen not one but 2 blockbuster IPOs of gig economy companies, DoorDash and DiDi Chuxing. Even 6+ mos later, DoorDash stock is still going very strong. Not to mention, IPOs have also been very hot in general. Meanwhile, Postmates sold itself to Uber for a measly $2.65b.

Uber hideyowife Jul 1, 2021

Nope. ex Postmates employee here.

Google N00glr9000 Jul 1, 2021

Care to expound?

Postmates postuber Jul 1, 2021

Pure incompetence

Facebook chicachic Jul 1, 2021

Yes

Facebook chicachic Jul 1, 2021

Considering DoorDash’s 60B market cap, and Postmates 2.5B acquisition, assuming DoorDash 10x larger, better,etc they still left 3.5B on the table

Uber hideyowife Jul 1, 2021

2.5B was when it was announced. By the time we closed it was 5B+ because of Uber's stock appreciation

Postmates mjasw1 Jul 1, 2021

No lol. 2.6b was an absolute steal. Company was going no where