Amazon’s Deliveroo investment is a bad sign for Uber — shares of an Uber Eats rival are tanking
|05/17/2019||Posted by BusinessMediaguide.Com under General World News||
- Amazon has led a $575 million financing round into Deliveroo, one of Uber Eats’ archrivals.
- Shares in Just Eat, another meal-delivery competitor in the UK, dropped 7%.
- Uber Eats and Just Eat had higher revenues and more restaurant partners than Deliveroo at last count.
- Watch Uber, Amazon, and Just Eat trade live.
Uber’s week just got worse. Days after the ride-hailing giant went public and saw its stock plunge 8% on its first day of trading, Amazon has invested in Deliveroo, the archrival of Uber’s meal-delivery service, Uber Eats, in the UK.
The news sent shares down 7% in Just Eat, read more >>>