Postmates Closes in Mexico to Focus on U.S.
The food-delivery startup is also laying off employees in the U.S. as it regroups after shelving an initial public offering.
Grubhub Shares Tank on Reduced Q4 Outlook
“The easy wins in the [food-delivery] market are disappearing a little more quickly than we thought,” the company said.
Domino’s Misses on Earnings, Launches Buyback
The pizza-delivery giant has been repurchasing shares as sales growth has slowed amid competition from third-party apps.
Uber Revs Up for Long-Awaited, $10 Billion IPO
The offering prospectus “renewed questions about how sustainable Uber’s business actually is," showing core revenue growth slowed to 39% last year.
Postmates to Join Parade of Unicorn IPOs
The pioneering food delivery service faces competition from Grubhub, UberEats, and DoorDash in what has become an "extremely overcrowded" market.