Uber just signed a deal with postmates. They bought the company. UBER was rallying previously due to them trying to come to a deal with GRUBHUB but following them not being unable to agree, the stock went a little sour. Now it has finally come to fruition. The company (UBER) has been doing fantastic with their Ubereats app during covid. Adding the postmates fleet to their huge squad brings a hope for an increase in revenue.
Quote from Article
"Together, Postmates and Uber Eats would have a 37 percent share of food delivery sales in the United States, according to Edison Trends, which tracks credit card spending. DoorDash would remain the largest player with 45 percent, while GrubHub would have 17 percent. "
Ubuer's first quarter was not the best but postmates is their knight in shining armor. Monday is when the announcement will commence.
this is not trading advice. I am learning and I apologize if it does not come true
please note that once you take profit I suggest you take it. Uber looks like it is creating an inverse head and shoulders. I will follow up throughout the weak to see how the FIB does.
thanks
gl
Quote from Article
"Together, Postmates and Uber Eats would have a 37 percent share of food delivery sales in the United States, according to Edison Trends, which tracks credit card spending. DoorDash would remain the largest player with 45 percent, while GrubHub would have 17 percent. "
Ubuer's first quarter was not the best but postmates is their knight in shining armor. Monday is when the announcement will commence.
this is not trading advice. I am learning and I apologize if it does not come true
please note that once you take profit I suggest you take it. Uber looks like it is creating an inverse head and shoulders. I will follow up throughout the weak to see how the FIB does.
thanks
gl