Uber’s next experiment has been hiding in Chicago. Calling itself “Pronto,” an “on-demand restaurant and hospitality staffing startup,” Uber has been advertising on LinkedIn for Windy City applicants for a new business that matches part-time workers with various businesses, according to a person with knowledge of the effort. For now, the Uber service is not related to Uber’s core business of...
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DoorDash Should Buy Instacart Now
Instacart’s stock price performance so far brings to mind a variation on the old line about love: Is it better to have gone public and lost, or never to have gone public at all? The shares fell 9% on Monday to $26.96, 10% below its IPO price, following our scoop that the Wall Street analysts at the banks underwriting the offering are projecting a severe slowdown in Instacart’s growth in the...
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