Uber to Buy Postmates for $2.65 Billion
New York Times
SAN FRANCISCO — Uber has agreed to acquire the food delivery start-up Postmates[1] for $2.65 billion, said two people with knowledge of the deal, as the ride-hailing firm aims to…
Browsing Tag
Start-ups
34 posts
The #Vanlife Business Is Booming
I do not own a car or a house or even a bicycle. Nor am I prone to following Instagram trends. Yet for weeks I have had an obsession: getting…
Big Tech Zeros In on the Virus-Testing Market
Verily Life Sciences, a sister company of Google, scrambled to introduce a free coronavirus-screening site[1] for the public and set up testing locations in March after President Trump made an…
The Tech I.P.O. Comes Roaring Back in the Pandemic
SAN FRANCISCO — As the coronavirus[1] spread in March, Vroom, a start-up that sells used vehicles online, shelved its plans to go public and rushed to shore up its operations.…
The Economy Is Reeling. The Tech Giants Spy Opportunity.
SAN FRANCISCO — Even as Facebook grappled this month with an internal revolt[1] and a cascade of criticism[2] over its refusal to take action on President Trump’s inflammatory posts, the…
The Idea: Build It, and They Can Find Coronavirus Tests
For the past two months, the nine-to-five jobs at their recruiting software company were just the start of a busy work day for Joe Essenfeld, Boris Kozak and Matt Geffken.…
The Hot New Thing in Clubby Silicon Valley? An App Called Clubhouse
SAN FRANCISCO — Marc Andreessen, a Silicon Valley investor, published a rallying cry[1] last month that quickly ricocheted around the tech industry. In it, he blamed America’s dismal response to…
Zoom, Xoom, Züm: Why Does Every Start-Up Sound Fast Now?
One day this quarantine, who can say which, I encountered the following pieces of information: Zoom, the videoconferencing company, saw its stock hit a new high; Züm, a ride-sharing venture,…
Start-Ups Pursue ‘Free Money’ With Relief Funds, Prompting Backlash
Domio, a start-up that offers short-term rentals, has its headquarters in a New York City loft that features beer on tap, a game room and a wall of house slippers…
SoftBank’s Troubles Deepen With Warning of $16.7 Billion Writedown
TOKYO — SoftBank warned investors on Monday that the value of its technology fund may have dropped by as much as $16.7 billion over the last fiscal year, as its…
