DoorDash

Why investors are cheering the Uber-Postmates deal

This morning as the markets rally, shares of Lyft are up 3% while Uber shares are up 6%. Why is Uber so far ahead of Lyft, its domestic ride-hailing rival that is suffering from the same economic impa

After losing Grubhub, Uber reportedly hails Postmates

Uber has reportedly made an offer to buy food delivery service Postmates, according to The New York Times. According to the Times, the talks are still ongoing and the deal could fall through. For thos

IPOs that could happen soon, cannot happen soon enough

Earlier today we took a look at two companies that have filed to go public, nCino and GoHealth. The pair join Lemonade in a march toward the public markets. But those three firms are hardly alone. We

Affirming the position of tech advocates, Supreme Court overturns Trump’s termination of DACA

The U.S. Supreme Court ruled today that President Donald Trump’s administration unlawfully ended the federal policy providing temporary legal status for immigrants who came to the country as chi

DoorDash confirms $400M raise, IPO timing unclear

DoorDash has confirmed that it is raising “approximately $400 million” in a Series H round of funding. Earlier today, Axios reported that the company was looking for a roughly $400 million

San Francisco DA sues DoorDash for classifying delivery workers as independent contractors

DoorDash is facing a lawsuit from San Francisco District Attorney Chesa Boudin for “illegally misclassifying employees as independent contractors,” Boudin tweeted today. In the complaint,

Why are unicorns pushing back IPOs when the Nasdaq is near record highs?

The unicorns are still at it, Vision Fund 2 or no Vision Fund 2. This week, Instacart announced that it has raised fresh capital at a valuation north of $13 billion. And, on the tail of that news item

Uber lays off another 3,000 employees

Uber is laying off another 3,000 employees, the Wall Street Journal first reported. Uber is also closing 45 offices, and rethinking its approach in areas like freight and autonomous vehicle technology

Uber commits $50 million to safety supplies for drivers

Uber says it has committed $50 million to procure and provide safety supplies to drivers. Those supplies will include things like face masks, sanitizer, gloves and disinfectant, Uber CEO Dara Khosrows

A Grubhub-Uber tie-up would remake the food delivery landscape

Earlier today news broke that Uber is pursuing an acquisition of Grubhub. The global ride-hailing giant is worth a multiple of the American food delivery service, making the tie-up financially feasibl

VC’s largest funds make big bets on vertical B2B marketplaces

During the waning days of the first dot-com boom, some of the biggest names in venture capital invested in marketplaces and directories whose sole function was to consolidate information and foster tr

Gig workers in San Francisco are mostly people of color and many are immigrants, according to survey

Gig workers have become an essential part of our society during the COVID-19 global health crisis. But even before the pandemic, gig workers had become a staple in the lives of many people who use ser

SoftBank expects $24 billion in losses from Vision Fund, WeWork and OneWeb investments

The Japanese technology conglomerate SoftBank Group said it would lose a staggering $24 billion on investments made through its Vision Fund and bets on the co-working real estate company WeWork and sa

Report: Apple’s iOS 14 contains code that would let you sample apps before download

Apple has under development a feature that would allow iOS users to interact with a third-party app, even if the app wasn’t yet installed on your device, according to a report from 9to5Mac. The

Let’s give tech philanthropists the benefit of the doubt on COVID-19

We’ve spent so long asking tech to turn its attention to real-world problems. Let’s not complain when they do so now. 

Target’s Shipt shoppers are walking off work today

Shipt shoppers, which began organizing in February, are staging their first action today. Yesterday, a group of Shipt shoppers, who shop and deliver orders from Target and other stores, announced thei

DoorDash now delivers from over 1,800 convenience stores nationwide

DoorDash announced today it’s expanding beyond food to also deliver from convenience stores, like 7-Eleven, Wawa, Circle K, Casey’s General Store and others. The service is partnering with

SF supervisors push for more gig worker protections during the coronavirus pandemic

San Francisco’s Board of Supervisors is pushing a number of legislative bodies to offer more protections and benefits for gig workers during the COVID-19 pandemic. As gig workers are still out d

Startups Weekly: Investors also face a pandemic reckoning

Billions of dollars have flowed into startup investing this decade, but the era appears to be closing with the coronavirus pandemic. Limited partners are saying no to younger venture firms who are sti

For Uber and Lyft, this week has been a wild ride

This morning let's unpack what Uber said and ask if it's reasonable that investors are pushing Lyft higher alongside Uber.
Load More