Tag: Postmates
For Uber and Lyft, this week has been a wild ride
Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. Uber and Lyft have been on quite a ride this year. After enjoying modest gains earlier this year thanks to an improved profitability forecast from Uber, the two companies saw…
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The hidden cost of food delivery
Noah Lichtenstein Contributor Noah Lichtenstein is the founder and managing partner of Crossover, a diversified private technology fund backed by institutional investors, technology execs and professional athletes and entertainers. More posts by this contributor What Studying Students Teaches Us About Great Apps I’ll admit it: When it comes to food,…
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America’s largest companies are not covered under congressional coronavirus aid package
America’s largest companies are not covered under a bill passed by the House of Representatives on Friday that is supposed to support American workers impacted by the spread of the novel coronavirus. The bill still has to be voted on by the Senate and approved before it can be signed…
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White House and House Democrats agree to funding package for paid sick leave, funding for tests
While stocks rose sharply after the President’s address, delaying the bill could cause further economic uncertainty and continue what has been a wild couple of months for financial markets beset by barrage of bad news and stopgap measures designed to boost the economy, but failing to address the actual pressures…
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Uber and Lyft plunge, erasing recent gains after promising profits
Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. A few weeks ago, Uber and Lyft, kicking bags of the 2019 stock market and regularly cited as examples of venture-backed excess, were back to fighting form. After encouraging Q3…
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As national COVID-19 cases top 1000, insurers waive treatment fees and U.S. preps stimulus
The number of COVID-19 cases in the U.S. crossed 1,000 on Tuesday as President Donald Trump met with the nation’s largest insurers and members of his cabinet to discuss how to pay for treatment and lessen the financial blow of the disease’s spread. With the nation’s healthcare apparatus beginning to…
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