Tuesday, Massachusetts It became the second state this year to sue the Uber and Lyft companies for treating their drivers as independent contractors rather than employees. State attorney general Maura Healey told reporters that the Covid-19 pandemic prompted her to ask a state court judge to enforce a 2004 labor …
Read More »Uber acquires Postmates for $ 2.65 billion. Who wants takeaway food?
Today, Uber agreed to acquire Postmates in an agreement that bets heavily on our collective and continued desire for takeout. Uber announced its acquisition of Postmates on July 6, 2020. Photographer: Gabby Jones / Bloomberg © 2020 Bloomberg Finance LP Uber officially agreed on Monday to acquire the new food …
Read More »Analyst says Uber deal for Postmates has “solid industrial logic” but may not help price dynamics
Following a report by Uber Technologies Inc. UBER, + 4.89% is considering acquiring food delivery company Postmates for around $ 2.6 billion, Evercore ISI analyst Benjamin Black had a mixed view of the possible deal. “If the deal were approved by regulators, we believe the street would see it as …
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