Uber just grabbed a lot more market share in the food delivery market after acquiring Postmates for $2.65 billion in an all-stocks deal. The company believes this acquisition of Postmates puts Uber one step closer to being an everyday service.
“The vision for us is to become an everyday service, Postmates is a great step along that vision. Anyplace you want to go, anything you want delivered to your home, Uber is going to be there with you, and we think these everyday frequent interactions create a habit, create a connection with customers.” – Dara Khosrowshahi, Uber CEO
Prior to this deal Uber eats had about 20% of the United States food delivery market share.
