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Uber Faces $2.9 Billion Quarterly Loss

Video Credit: Wochit News - Duration: 00:25s - Published
Uber Faces $2.9 Billion Quarterly Loss
Uber Faces $2.9 Billion Quarterly Loss
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Uber Uber American peer-to-peer ridesharing, freight, food delivery, and transportation network company

Uber Looking To Buy Postmates [Video]

Uber Looking To Buy Postmates

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.

Credit: Wochit News    Duration: 00:27Published
Americans mark Juneteenth from coast to coast [Video]

Americans mark Juneteenth from coast to coast

Thousands marched in U.S. cities to mark Juneteenth, a holiday commemorating the end of Black slavery that carries special resonance this year. Gavino Garay has more.

Credit: Reuters Studio    Duration: 02:24Published
Grubhub Gets Acquired By European Food-Delivery Service [Video]

Grubhub Gets Acquired By European Food-Delivery Service

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.

Credit: Wochit News    Duration: 00:32Published
Uber Founder Says Someone Tried To Burn Down New Office [Video]

Uber Founder Says Someone Tried To Burn Down New Office

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.

Credit: Wochit News    Duration: 00:37Published

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