Heard on the Street: In the U.S., online takeout continues to heat up at the expense of the delivery players’ bottom lines
Uber’s drive to go public is lighting a fire under an already-sizzling market for online food delivery, where everyone wants to eat each other’s lunch.
In preliminary initial public offering papers filed last week, the ride-hailing giant makes it clear that its food-delivery arm, Uber Eats, will be an area of heavy investment for some time. This is for good reason—Raymond James estimates the total takeout market in the U.S. will reach $269 billion this year, with online penetration rates rising from under 7% last year to 30%...
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Uber releases its long-awaited IPO filingUber may never achieve profitability and had operating losses of $3 billion in 2018, IPO paperwork shows.
Read more »
Uber officially files for initial public offeringUber Technologies Inc. officially filed for an initial public offering with the Securities and Exchange Commission on Thursday afternoon, setting up one of...
Read more »
Uber may owe another $227 million to Google for awards related to Uber vs. WaymoFormer Google employees Anthony Levandowski and Lior Ron were found jointly liable by an arbitration panel on late March, according to Uber's S-1.
Read more »
Uber doesn’t want its drivers to be employees — here’s why that mattersThe ride-sharing company filed IPO documents late Thursday.
Read more »
Uber filing lists revenue gains, struggles of food businessUber Technologies Inc's restaurant delivery business has grown revenue to $...
Read more »
Factbox: How Uber and Lyft compare on key financial metricsUber Technologies Inc’s initial public offering filing on Thursday contains data...
Read more »
Factbox: SoftBank's transportation betsIn addition investing more than $25 billion in Didi, Uber, Ola, Grab and Cruise,...
Read more »
Uber driver says he feels vindicated as his fight for the minimum wage is listed as a risk factor in its $100 billion IPOJames Farrar successfully took Uber to court with Yaseen Aslam. Uber now considers their battle a risk.
Read more »
Uber unveils IPO with warning it may never make a profitUber Technologies Inc has 91 million users, but growth is slowing and it may nev...
Read more »
Uber warns that Apple and Google’s stranglehold over the distribution of apps poses a major risk to its businessThe Apple-Google pairing dominates the tech industry, and Uber isn't happy aboout it.
Read more »