Postmates

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. The COVID-19 pandemic has brought financial anxiety to an all-time high for America’s workforce, jeopardizing the incomes of...

Food delivery companies DoorDash, Postmates and Uber Technologies Inc (NYSE: UBER) all held some form of merger discussion in 2019, according to The Wall Street Journal's sources. Since none of the talks among the three food delivery players resulted in any combination, the companies...

Shares of food delivery company GrubHub Inc (NYSE: GRUB) spiked nearly 20% on Wednesday following a report the company is exploring strategic alternatives, including a potential sale of itself. A few sell-side analysts weighed in on M&A possibilities and potential antitrust concerns. The...

GrubHub (NYSE: GRUB) is considering a possible sale of the company or an acquisition due to increased competition in the food delivery sector and decline in its shares, according to The Wall Street Journal, citing people familiar with the matter. GrubHub has reportedly tapped financial advisers to...

Postmates, the food-delivery startup, has closed its Mexico City operations and laid off dozens of employees, citing a lack of growth and a desire to focus more on the U.S. market. The closure of the Mexico City office was announced Dec. 3. Postmates launched service in Mexico City, its first...

With an imminent initial public offering, food-delivery app Postmates has raised another $225 million. This last-minute round of funding was led by GPI Capital, moving Postmate's total funding to $1 billion and its pre-valuation at $2.4 billion.  When a company raises a significant amount of...

In an interview with Benzinga, Yariv Bash, the founder and CEO of Flytrex, a pioneer in drone delivery technology, discussed the company's product and future plans. About Yariv Bash And Flytrex Bash is an experienced air and spaceflight entrepreneur. In 2013, he co-founded Flytrex, an...

April 20 is, for many, the happiest day of the year. It's said the celebration derives from a tradition of smoking cannabis at 4:20 p.m., originated in a high school San Rafael, California, and spread all over the world by the Grateful Dead. Nowadays, people from all corners of the globe...

In a report published Monday, Cowen And Company analyst Kevin Kopelman discussed Uber’s next major initiative (dubbed UberEATS) and what it means for other food delivery services. Kopelman pointed out that in major cities (such as New York, Los Angeles, Barcelona), the “UBER”...

With Black Friday looming (or Black Thursday if you are so inclined), now is as good a time as any to consider a few tactics for avoiding overspending over the holidays. Despite your good intentions, the cheery music, bright lights, enticing ads and impulse displays in stores often trick...