Discussion

• @faris @faris on x

  “Food delivery is not profitable, nor is Uber's core ride-hailing business. But the company is hoping that with restaurants closed to in-person dining, more people will be ordering takeout in the future.” https://twitter.com/...

• @alex @alex on x

  Uber +5.5% after the open, post-Postmates deal news

• @adam22 @adam22 on x

  Lmao how is it legal to just buy your biggest competitor so you don't have to compete on price or service anymore. Insane. https://www.nytimes.com/...

• @rotopat Patrick Daugherty on x

  When the company that has never made money buys another company that has never made money for $2.65B during the biggest economic crisis since the Great Depression? Normal economy https://twitter.com/...

• @sm Sara Mauskopf on x

  Congrats to the Postmates team! https://investor.uber.com/...

• @pkafka Peter Kafka on x

  Curious if/how many deals are being rushed through now bc folks think they can get blessed by Trump admin (see: Sprint/T-mobile), but not a Biden admin. https://twitter.com/...

• @veenadubal Veena Dubal on x

  It makes total sense that an unprofitable company, hemorrhaging money & facing existential legal troubles, would purchase another company with similar problems. 🙄 https://twitter.com/...

• @db @db on x

  The interesting thing here for me is that Postmates delivers more than food. Interested to see where Uber goes with all of this post-acquisition. https://twitter.com/...

• @danprimack Dan Primack on x

  That's a big pricetag https://twitter.com/...

• @eringriffith Erin Griffith on x

  I wonder how my friends over at couriersofreddit feel about Uber buying Postmates ??? https://twitter.com/...

• @jason1749 Dr. Chase Wookinian on x

  “By purchasing a rival that is unprofitable, we will insure that we also remain unprofitable. This is how business works.” https://twitter.com/...

• @therideshareguy Harry Campbell on x

  It's amazing that the 4th player in the highly unprofitable food delivery space is being acquired for over $2 billion. Kudos to @Basti and the Postmates team, they could not have hoped for a better outcome! https://www.bloomberg.com/...

• @brettbivens Brett Bivens on x

  Not a bad last week for Spark Capital. → Postmates — Series B at $73m valuation, $2.65b sale to Uber → Discord — Series A at $22m, round at $3.4b from Index → Mirror — Series A at $68m, $500m sale to Lululemon → Anduril — “Seed” at $97m, round at $1.7b from a16z https://twitter.c…

• @obrien Chris O'Brien on x

  Ah, there's nothing like a big acquisition to scramble your financials for a couple of years and distract investors from the underlying weakness of your core business. https://twitter.com/...

• @fromedome Dan Frommer on x

  Translation: UberEats is buying LA for $2 billion. https://twitter.com/...

• @shervin Shervin Pishevar on x

  In 2011 I was lucky to back @uber and in 2012 was lucky to back Postmates in the seed. To see them come together is special. Congrats to @Basti and team and to @dara and team. Onwards and upwards. https://twitter.com/...

• @amir Amir Efrati on x

  Our take... 1) Uber-Postmates not a game-changer. DD still far ahead 2) DoorDash won't have to pay a dime to get benefit of consolidation in some mkts. 3) PM raised $900M in 9 yrs, sells for 3x capital raised https://www.theinformation.com/ ...

• @mdudas Mike Dudas on x

  You really have to admire the tenacity and courage of @Basti and team. They competed in the most unforgiving of consumer tech markets against giants, were often predicted to fail, yet built a must have team and biz. @Uber needs this entrepreneur. Win. https://www.bloomberg.com/..…

• @astasiawill @astasiawill on x

  We about to be paying $50 for a delivery fee for a $10 meal https://twitter.com/...

• @sameer_singh17 Sameer Singh on x

  So now we have Uber Eats (+Postmates) vs. GrubHub (+Just Eat) vs. Doordash. Doordash is the only domino that can fall next. https://twitter.com/...

• @aditis90 Aditi Shrivastava on x

  WOW. Can food delivery ever make money? Just doesn't seem like it can standalone be a business anywhere, even globally. https://twitter.com/...

• @financedircfo Alastair Thomson on x

  What on earth are they thinking of... Uber's board must be smoking something especially strong this week... Still I suppose it means they'll burn through their cash faster and bring all this nonsense to an end sooner rather than later...(small mercies...) https://twitter.com/...

• @ryangraves @ryangraves on x

  Better than a Grub outcome I think. https://twitter.com/...

• @adambanksdotcom Adam Banks on x

  Postmates never made it to the UK, but it'll be interesting to see if Uber is looking for comparable acquisitions https://twitter.com/...

• @shubham Shubham Datta on x

  Oct 2016: $141M on $751M led by @foundersfund Sep 2018: $300M on $1B led by Tiger Global Feb 2019: $100M on $1.85B led by G Squared Sep 2019: $225M on $2.4B led by GPI Capital July 2020: Acquired by @Uber for $2.65B https://www.bloomberg.com/...

• @semil @semil on x

  Quickly unpacking Postmates ➡️ Uber: -Category Matters: Consumer walletshare, high frequency -Out of gate was “Task Rabbit” but ended up being too broad b4 food delivery focus -Payout waterfall dicey given huge financing rounds *Incredible exit considering degree of difficulty ht…

• @dkhos Dara Khosrowshahi on x

  Proud to announce that @UberEats is joining forces with @Postmates. Greater selection + improved delivery = an even better experience for everyone. Important info: https://t.uber.com/...

• @katie_roof @katie_roof on x

  NEWS: Uber has agreed to pay $2.65B for Postmates, sources tell Bloomberg. Am told @Basti and Postmates management team are staying on to keep Postmates as a stand-alone business. Talks had been on and off for 4 years and picked up this past week. https://www.bloomberg.com/...