In interesting stock news. Uber is looking to acquire Grubhub by Takeover.

[beaniemac]

Uber makes an offer for GrubHub - WSJ
May 12, 2020 11:21 AM ETGrubhub Inc. (GRUB)5 Comments

• Uber (UBER +4.2%) is aggressively pursuing GrubHub (GRUB +24.4%), according to The Wall Street Journal.
• The company approached GrubHub earlier this year and talks are still going on with an offer on the table.
• Consolidation within the online food delivery sector has been highly-anticipated this year, with DoorDash (DOORD) and Postmates (POSTM) also in the speculation mix. Underlying the discussions is the impact of a huge surge in demand and costs amid the pandemic.
• Previously: GrubHub jumps on report of Uber interest (May 12)

Where is Uber getting all of this money? They had to pull out of 8 markets and are burning through money fast.

so uber just laid off 14% of their workforce, and post 10 figure losses each year, yet they still have money to acquire other companies?

who's funding such an unprofitable company?

 

[TL15]

Because nobody wants them bum ass UberEats deliveries where their burger is smashed and their fries picked at

 

[Astroslik]

Interesting

 

[desjardins]

shyt optics
They just laid off a double digit % of employees
So you spend money to acquire another company and almost certainly.....lay off workers from that company

 

[☑︎#VoteDemocrat]

Makes sense.

shyt they need to acquire UPS.

I be using Uber to deliver shyt.

Mail, items, etc.

Girlfriend just left her keys at my spot. Called an Uber to deliver to her on the other side of town.

you gave keys to a random with access to your girlfriend?!

 

[So-Chi]

Because nobody wants them bum ass UberEats deliveries where their burger is smashed and their fries picked at

I only notice a difference between restaurants not delivery services

 

[invalid]

the context would he assets delivery. All because a vehicle makes it to a location does not mean the assets are accounted for.

Guess it won't hurt to watch a UX tutorial on Udemy.

 

[beaniemac]

Makes sense.

shyt they need to acquire UPS.

I be using Uber to deliver shyt.

Mail, items, etc.

Girlfriend just left her keys at my spot. Called an Uber to deliver to her on the other side of town.

So you dont get in the car??

for them to deliver a package is called uber connect. it's relatively new.

 

[invalid]

you gave keys to a random with access to your girlfriend?!

She was at work. Delivered to the hospital.

 

[invalid]

for them to deliver a package is called uber connect. it's relatively new.

Is this service available in all markets? I haven't seen it.

Edit. shyt...we both in Chicago.

 

[humminbird]

I hate when i miss obvious things like this.

It makes perfect sense when you think about it and it will happen

 

[Anerdyblackguy]

Make it make sense lord

 

[Saysumthinfunnymike]

Uber will always have options until it's proven out that they won't be a giant success... which won't happen because financials show they are an exploding business

 

[Artificial Intelligence]

.......................

 

[Arinam]

you might as well put together a UX prototype and sell it to Uber as an assest tracking feature.

pretty sure its already a feature in the app