Tag Archives: Postmates

Postmates, which is being bought by Uber, has not turned a profit since its inception. Justin Sullivan/Getty Images On March 17, the day the San Francisco Bay Area became the first major metropolitan area to enact a shelter-in-place policy due to the COVID-19 pandemic, Postmates Inc. engaged a bank to …

In the race to gain a competitive edge in the burgeoning food-delivery business, the major players are carving up the U.S. map. Uber Technology Inc.’s UBER, +5.99% intention to acquire privately held Postmates Inc. for $ 2.65 billion after its failed bid for Grubhub Inc. GRUB, +4.42% is a case …