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Uber’s losing billions, Amazon lays off hundreds and somehow Instacart gets more money
FromEquity
Currently unavailable
Uber’s losing billions, Amazon lays off hundreds and somehow Instacart gets more money
FromEquity
ratings:
Length:
25 minutes
Released:
Feb 16, 2018
Format:
Podcast episode
Description
Welcome to “Equity,” TechCrunch’s venture capital and tech business podcast.
On this week, we were joined by Mike Ghaffary from Social Capital, who was the perfect guest because he used to run Eat24, when it was Yelp’s food delivery business. Food delivery is highly relevant to this week’s news.
First up, we talked about Uber, which is losing lots of money in Asia and also from Uber Eats. It could be profitable if it wants to, says Uber’s chief, but it doesn’t want to because the company is investing in growth. Okay!
Next, we talked about Instacart and how somehow investors are throwing even more money at the company. The grocery delivery app is now worth over $4 billion, on paper anyway.
And of course there’s Amazon, which often seems like it’s winning at everything, but hundreds of people at the company are still losing their jobs. Ouch.
On this week, we were joined by Mike Ghaffary from Social Capital, who was the perfect guest because he used to run Eat24, when it was Yelp’s food delivery business. Food delivery is highly relevant to this week’s news.
First up, we talked about Uber, which is losing lots of money in Asia and also from Uber Eats. It could be profitable if it wants to, says Uber’s chief, but it doesn’t want to because the company is investing in growth. Okay!
Next, we talked about Instacart and how somehow investors are throwing even more money at the company. The grocery delivery app is now worth over $4 billion, on paper anyway.
And of course there’s Amazon, which often seems like it’s winning at everything, but hundreds of people at the company are still losing their jobs. Ouch.
Released:
Feb 16, 2018
Format:
Podcast episode
Titles in the series (100)
The way to win is to lose the most money the fastest: Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. by Equity