Saw two articles today that were posted mins apart with conflicting reports about Postmates. One says they are going Public, and other says Uber made an offer. What do you think? what will happen to employees on either side? https://www.businessinsider.com/postmates-revives-ipo-plans-amid-food-delivery-deal-boom-2020-6 https://www.nytimes.com/2020/06/29/technology/uber-makes-offer-to-buy-delivery-service-postmates.html #postmates #uber
Commenting to stay informed if anyone posts any additional details. This could be interesting!
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Ahh, I didn’t know that, even after all these years of using blind 🤦🏻♂️ thank you!
Uber will buy them out, consolidate into Uber Eats and shut them down. Uber Eats is brilliant but they need economies of scale to reach profitability
Yeah, sunset is obviously imminent in the event of an acquisition, although that would probably take anywhere from 3-5 years is my guess. Not to mention, Postmates has a self driving robot delivery division that Uber might keep around. I’m guessing the other engineers would largely be integrated into the Uber apps/backend teams.
There isn't that much value in buying Postmates. What do we really get? Just a customer acquisition play? Integrating their tech is pointless and inferior. Some potential engineering (except we just had massive layoffs so I doubt the headcount is there) and maybe a few restaurant partnerships in LA?
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Wonder how much employees are cashing out? CrunchBase shows they raised $903M and it's being bought out (potentially) at $2.6B?
Their CP is quite negligible, I don't think they're of much value to Uber
Postmates is huge in LA. There are a few markets where they win and Eats spends a lot of $$ there to compete. Consolidation makes sense at the right price/terms
So are in Miami, not as big though.
What % of uber employees are Uber Eats?
🍿 don’t mind me, just reading the comments.
Postmates does have the name / verb recognition so would be smart for Uber to buy
Brand recognition in LA, no brand recognition anywhere else
Isn’t it Bastian’s dream to be the CEO of a public company or something like that?
:)
Bastian can replace Dara as Uber CEO.
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They will explore both options in case Uber deal doesn’t work out
This
Smartest comment I seen on this post. (Not being funny or a smarta**) But still, to be continued.