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Uber/Lyft

SoftBank Failed to Convince DoorDash to Sell Itself to Uber

By Amir Efrati
· · Source: Financial Times

The Financial Times reports that about six months ago, DoorDash reluctantly sat down with Uber to discuss a possible merger, at the behest of a big investor in both companies, SoftBank. There are no other details about the failed talks.  SoftBank’s effort is understandable. The Saudi Arabia-backed tech investor expected to make bank from Uber after buying up billions of dollars worth of...

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By The Information Staff · Oct. 30, 2020 5:31 PM PDT
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If Thursday was party time for tech companies, most of which reported better-than-expected earnings, Friday was the hangover. Most big tech stocks tumbled, as the Nasdaq led the market down by losing nearly 2.5%. Yes, there is a disconnect there, although major tech stocks have rallied strongly in recent months, so maybe they’re getting hit harder by growing anxieties about Covid-19 and ...

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