Why investors are cheering the Uber-Postmates deal

Why investors are cheering the Uber-Postmates deal

3 years ago
Anonymous $qOHwDUKgAF

https://techcrunch.com/2020/07/06/why-investors-are-cheering-the-uber-postmates-deal/

This morning as the markets rally, shares of Lyft are up 3% while Uber shares are up 6%.

Why is Uber so far ahead of Lyft, its domestic ride-hailing rival that is suffering from the same economic impacts? It appears that investors are heartened that Uber has closed its Postmates acquisition after both firms danced around each other for some time, leading to all sorts of leaks that wound up being not coming true.