Uber acquires food-delivery service Postmates for $2.65 billion in stock
NEW YORK: Uber has announced to have bought food-delivery service Postmates for $2.65 billion in stock. Uber is banking on food delivery to help sustain its business during the coronavirus pandemic, as demand for ride-sharing has plunged. In its first-quarter earnings call, Uber said that gross bookings revenue for its Rides segment was down 80% in…