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July 6, 2020 03:52 pm GMT

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 acquisitionafter both firms danced around […]

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/-Fh7s-9LAmU/

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