Uber buying Postmates?
Per Mike Isaac of New York Times: “Uber is buying Postmates, plans to announce the deal tomorrow” https://twitter.com/mikeisaac/status/1279964608233529344
One unprofitable business buys another unprofitable business
Exactly. Just what an unprofitable and declining company needs, another unprofitable company with an upside down business model. Short Uber!
This would increase Uber's food delivery market share, would it not? It's not going to be profitable even then but it's better to have more market share.
Weird year this year.. we had negative interest rates, negative oil price futures.. maybe we'll notice the first negative value for a public company? Let's see tomorrow valuation plummet. Whoever had puts on Uber. Go duck yourself you rich bastard.
I’m guessing stock will rise
I also think Uber’s stock will rise after the acquisition
They need a new business to juice those revenue numbers, desperate attempt to appease the market now that they are a public company.