A number of startup-backed tech startups were among companies that received loans under a program aimed at mitigating economic damage from Covid-19, according to data released Monday by the Trump Administration. The data follows Democrats’ demands for greater transparency around the Paycheck Protection Program, or PPP, funds established as part …
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Uber has purchased the Postmates food delivery service for $ 2.65 billion in shares, the companies announced Monday. The deal brings together the fourth-largest food delivery service in the US with Uber Eats, which only beats DoorDash in market share, according to Second Measure and Edison Trends. The companies said …
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Close-up of the sign for the popular app-based food delivery service and supplies Postmates, in the Gourmet Ghetto (North Shattuck) neighborhood of Berkeley, California, October 6, 2017. Smith / Gado Collection | Stock Photos | fake pictures Ridesharing company Uber Technologies has agreed to a deal to buy the Postmates …
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Text size Daniel Slim / AFP via Getty Images American Airlines Group and other companies are queuing for more rescue funds under the Care Act, as the industry faces an increasingly precarious situation due to an increase in coronavirus cases. Five major airlines signed a letter of intent with the …
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Technology is moving at high speed during the coronavirus pandemic, but the IPO process is stagnant. For the second week in a row, a technology company has more than doubled its value in its stock market debut. Last week, it was Chinese cloud software developer Agora, which increased 150% on …
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