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Uber Eats Chief to Depart

It’s not necessarily a surprise that the leader of Uber’s Eats division is stepping down. Jason Droege has worked at Uber for six years, after all. But the move comes as Eats accounted for about half of Uber’s $3.7 billion in cash burn in 2019. And the U.S. food delivery industry is heading toward a period of big activity, as DoorDash and Postmates plot possible IPOs and online food-ordering...

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The Investors Who Face Big Losses From the Quibi Collapse
The Investors Who Face Big Losses From the Quibi Collapse

On Wednesday, video startup Quibi told its investors that it will shut down, a dramatic collapse of a digital media startup that launched just six months ago. Now those investors—from Quibi CEO Meg Whitman to Google, Facebook and J.P. Morgan—are facing losses and figuring out what they may recoup from the flop.

Quibi revealed to investors Wednesday afternoon that, after paying ...

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