The NY Times and Business Insider report that Uber is holding acquisition talks with food delivery startup Postmates. Earlier this year Uber was reported to be holding acquisition talks with Grubhub. But those talks reportedly fell through. In mid-June Grubhub announced it was merging with Just Eat. Postmates is smaller than Grubhub, and would be more amenable to a take-over.
Just Eat Takeaway, a food-delivery service based in Europe, bought Grubhub. According to Gizmodo, while sales have spiked, operation costs have also been high. The acquisition of Grubhub makes it the largest digital food delivery service operator outside of China. Stories analyzing the deal pointed out a European deal was less likely to get blocked by antitrust regulators. Before Just Eat Takeaway acquired Grubhub, Uber wanted to also buy the food-delivery service.
Travis Kalanick is the founder of Uber. He was recently kicked out of the company. Business Insider reports that Kalanick founded CloudKitchens, a delivery-only restaurant operation. Kalanick says the company is the victim of arson. On Twitter, the company said two fires were started. They posted video evidence of the intruders. The company is worth more than $7 billion. It's funded from Kalanick's Uber wealth as well as Saudi Arabia.
California's Public Utilities Commission made an order Tuesday regarding Uber and Lyft drivers. All drivers are "presumed to be employees" under AB-5, the state's new gig work law. The agency said they must now comply with existing regulations related to employees. The ruling is a significant defeat for Uber and Lyft, which had argued publicly and in lawsuits. Their argument was that their drivers were properly classified as independent contractors.
Reuters Lyft said some cities were starting to see significant rebounds following the coronavirus' decimation of ride-hailing requests. Overall, US rides were up 26% in May compared to April, with some cities like Austin, Texas up as much as 73%. Shares of Lyft rose about 4% in after-hours trading as investors welcomed the rebound. Visit Business Insider's homepage for more stories.
Uber and Lyft said they'll suspend rides and deliveries in cities where curfews are issued. Over the weekend, Uber temporarily shut down in parts of country says Business Insider. California, Minnesota, New York City, Los Angeles, Washington D.C. and others have enacted curfews. Rentable scooters have also become a mainstay of protests. Lime says it's removing vehicles from select cities. The companies hope to discourage people from using their companies to get to protests.
Uber CEO Dara Khosrowshahi announced the company making a donation of $1 million. This money will go to two criminal justice reform groups “in solidarity with the Black community.” He said: “Lasting change will only come from reforming the systems that have led us to where we are today.” The donation comes after protests continue to escalate across the U.S. over the killing of Floyd George.
Uber Technologies Inc plans to focus on its core businesses in ride-hailing and food delivery. According to Reuters, the company cut 23 percent of its workforce to try and become more profitable. Chief Executive Officer Dara Khosrowshahi wrote an email to employees telling them the news. Khosrowshahi said Uber will cut 6,700 jobs and will reduce investment in “non-core projects.” Shares for Uber were up 6.9 percent to $34.69 after the announcement.
Uber will concentrate on its core businesses in ride-hailing and food delivery and cut 23% of its workforce in an attempt to become profitable despite the coronavirus pandemic, Chief Executive Officer Dara Khosrowshahi said in an email to employees on Monday. This report produced by Yahaira Jacquez.
Uber Technologies, Inc. on Wednesday said it will require drivers, delivery workers and riders globally to wear a mask as countries around the world begin easing restrictions aimed at curbing the spread of the coronavirus. Freddie Joyner has more.
As if a global pandemic of the novel coronavirus COVID-19 weren't enough, Gizmodo reports the bubonic plague has reared its nasty head once again. Sunday, officials from Inner Mongolia revealed a shepherd has been diagnosed with bubonic plague, also known as the Black Death. At the same time, a second case has been identified in neighboring Mongolia. Both patients had had contact with a wild marmot, and both are recovering. In the region, subsistence hunting is common.
Hundreds of scientists across the world have a burning question for the World Health Organization. According to Gizmodo, they just petitioned the WHO via an open letter with one demand. The demand is that the WHO acknowledge publicly that the novel coronavirus behind COVID-19 can be airborne. That means it can spread through the air (and linger there) via tiny aerosols emitted by the breath of infected people, not just large droplets. The letter puts the WHO in a tight spot.
If you've ever wondered what space smells like, you're not alone. According to Gizmodo, plenty of people are curious about what kind of scent may be out there. As od Sunday, a Kickstarter has received more than $321,000 for a NASA-Designed Perfume that smells like space. The campaign’s organizers say NASA designed the perfume decades ago for training purposes. "Eau de Space"’ has been a closely guarded NASA secret, but the Kickstarter organizers have acquired the recipe.
Career app LinkedIn and social media discussion app Reddit have both been monitoring each and every keystroke of Apple iPhones. According to Gizmodo, LinkedIn says this was due to a bug in the company’s iOS app and not intended behavior. Reddit’s snooping was reported by iOS 14 beta users and shared on social media. The company says it does not store or send the content, adding that it was releasing a fix immediately.
Frightening neurological complications can happen in children who develop a mysterious condition linked to the novel coronavirus COVID-19. A new study says survivors can suffer headaches and muscle weakness, along with visible signs of damage to the brain. According to Gizmodo, the condition is commonly known as multisystem inflammatory syndrome in children, or MIS-C. MIS-C is a rare but potentially life-threatening occurrence that arises during or soon after being infected by COVID-19.