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Amazon's Deliveroo investment is a bad sign for Uber — shares of an Uber Eats rival are tanking

Credit: Business Insider- Published on May 17, 2019
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· *Amazon has led a $575 million financing round into Deliveroo, one of Uber Eats' archrivals.*
· *Uber went public last week and saw its stock plunge 8% on its first day of trading.*
· **Uber Eats had much larger revenue than Deliveroo at last count, and nearly three times the number of restaurant partners.**
·...
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Credit: Rumble
Published on May 14, 2019 -  00:34
Uber's CEO sent an email to employees regarding IPO
On Monday Uber CEO Dara Khosrowshahi sent an email to employees, addressing the ride-hailing giant's brutal stock-market debut. Business Insider reports that in the letter he noted that while the market has so far punished Uber's newly minted shares, employees should be mindful that its early post-initial-public-offering trading won't necessarily give way to long-term issues. Khosrowshahi pointed to Facebook and Amazon as examples of companies that weathered their IPOs.

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