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SILVER SPRING, Md. (AP) — Uber finally got its food delivery company, acquiring Postmates in a .65 billion all-stock deal, the ride-hailing giant has confirmed.The deal helps Uber and its Ubereats food-delivery division pick up some ground against industry leader DoorDash, which controls about 37% of the U.S. food delivery market. That’s compared with Uber Eats’ 20% share before the Postmates deal. Grubhub holds around 30%.Last month, Uber lost out in a bid for Grubhub, which would have made it the dominant U.S. food-delivery service. But Amsterdam-based Just Eat Takeaway.com ended up nabbing Chicago-based Grubhub in a .3 billion deal.Uber writes in a press release that Postmates is highly complementary to Uber Eats, with differentiated geographic focus areas and customer demographics.Uber says consumers will benefit from expanded choice across a wider range of restaurants and other merchants, and delivery people will enjoy more opportunities to earn income, with increased batching of orders to make better use of their time.“Uber and Postmates have long shared a belief that platforms like ours can power much more than just food delivery—they can be a hugely important part of local commerce and communities, all the more important during crises like COVID-19. As more people and more restaurants have come to use our services, Q2 bookings on Uber Eats are up more than 100 percent year on year. We’re thrilled to welcome Postmates to the Uber family as we innovate together to deliver better experiences for consumers, delivery people, and merchants across the country,” said Uber CEO Dara Khosrowshahi.“Over the past eight years we have been focused on a single mission: enable anyone to have anything delivered to them on-demand. Joining forces with Uber will continue that mission as we continue to build Postmates while creating an even stronger platform that brings this mission to life for our customers. Uber and Postmates have been strong allies working together to advocate and create the best practices across our industry, especially for our couriers. Together we can ensure that as our industry continues to grow, it will do so for the benefit of everyone in the communities we serve,” said Postmates Co-Founder and CEO Bastian Lehmann. 2278
Several media outlets are reporting that the Federal Trade Commission is gearing up for a possible antitrust lawsuit against Facebook.According to the Wall Street Journal, the FTC has investigated Facebook for more than a year over concerns the social media gobbled up its competition.In July, CEO Mark Zuckerberg testified in a House Judiciary Committee hearing if his company violated antitrust laws when it acquired Instagram and WhatsApp.In June 2019, the FTC leveled a billion penalty against the company for privacy violations, Bloomberg reported.In Nov. 2011, Facebook settled with the FTC over charges it deceived consumers. 643
Singer Prince Royce says he got a wake-up call with a COVID-19 diagnosis and now wants to try and wake others too. The Latin star told The Associated Press on Thursday that he is recovering from the virus. He says he decided to speak up out of a growing frustration with seeing people going out and gathering without protection. 337
Several key races in Florida are still too close to officially call — days after Tuesday’s Midterm Election.Here's everything you need to know about a possible recount in a number of key races. 201
Seventeen days after voters went to the polls in Ohio's 12th congressional district, Republican Troy Balderson hung on by a 1,680-vote margin to win the seat over insurgent Democrat Danny O'Connor.The seat, previously held by Pat Tiberi, and before that current Ohio Gov. John Kasich, has been held by Republicans since 1983. The district has not seen a competitive race since then, as both Kasich and Tiberi typically won every two years by comfortable margins. But the district, which includes parts of Columbus' affluent northern suburbs, rapidly urbanizing Delaware County to Columbus' north, as well as several surrounding rural counties, became competitive after Tiberi announced his retirement. Polls leading up to the Aug. 7 battle showed a dead heat. On election night, Balderson held a nearly 1,500-vote advantage. O'Connor announced that he would wait on all absentee and provisional ballots to be counted before conceding. All of those votes have now been counted as of Friday. “I just called Troy Balderson to congratulate him on his victory in the 12th Congressional district special election," O'Connor said in a statement. "I want to express my deepest thanks to my campaign staff, our volunteers, and to everyone who cast a vote in the special election, whether it was for me or not."Balderson also issued a response on Friday. "Danny O'Connor ran a hard-fought race," he said, "but I look forward to earning the support of voters for a fourth time in November as I share my track record of getting things done for Ohioans."While both were gracious to each other on Friday, the affinity for each other will almost certainly be short lived. Both O'Connor and Balderson also are on the ballot in November. And with control of the House of Representatives hanging in the balance in November, there is no reason to believe that either candidate will let up on the attacks on each other from the special election. Democrats will need to gain 25 seats in order to flip the House for the first time since 2010. According to Cook Political Report, there are 30 toss-up seats up for grabs, with 28 of them currently being held by Republicans. If the Democrats win a majority of those seats, they will likely regain control of the House. 2323