Food delivery services consider IPOs and mergers
February 18, 2020
The Wall Street Journal reports that DoorDash, Postmates and Uber Eats have discussed various combinations of mergers in the past year without striking any deals. DoorDash and Postmates have also considered following rival Grubhub and filing for an initial public offering. Grubhub’s share price has fallen 39 percent over the past year.
Recent News
Tesla Employee Sleeps in Car, Loses Job Amidst Layoffs
Tesla, the Texas-based automaker, recently conducted layoffs affecting at least 10% of its staff. Among them was Nico Murillo, a production supervisor at the Freemont facility, who shared his layoff experience on LinkedIn.
Emergency Slide That Fell Off Delta Plane During Flight Found
The emergency slide was found 10 miles from JFK Airport.
Krispy Kreme Debuts New Rewards Program
Krispy Kreme is introducing a new program that piggybacks on its existing Krispy Kreme Rewards.
WeWork’s Bankruptcy Exit Plan Revealed
WeWork is charting a new course to exit bankruptcy, but without its former CEO Adam Neumann in the driver’s seat.