Uber’s New Strategy: Buy Unprofitable Companies, ???, Profit
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Vice
After Uber’s merger talks with food-delivery company Grubhub fell apart, Uber has now set its sights on Postmates, according to the New York Times. Uber Eats, the ride-hailing company’s food-delivery unit, is just as unprofitable as the rest of Uber’s business operations, but that hasn’t stopped the company from reportedly offering $2.6 billion to takeover Postmates.
https://www.vice.com/en_us/article/ep4pwp/ubers-new-strategy-buy-unprofitable-postmates
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