Weekly Download - July 6
Uber (Tii:UBER) has made a takeover offer to buy Postmates, the upstart delivery service, according to three people familiar with the matter, as the on-demand food delivery market consolidates and Uber looks for new ways to make money.
Tesla’s (Tii:TSLA) stock jumped to a new record high on Wednesday, giving the electric vehicle maker a valuation of more than $208 billion, which means that it is now the most valuable car company on the planet. Tesla is also now worth more than many of its rivals combined, such as Fiat Chrysler (Tii:FCAU), Ford (Tii:F), Ferrari (Tii:RACE), General Motors (Tii:GM), BMW (Tii:BMWYY), Honda (Tii:HMC) and Volkswagen (Tii:VWAGY).
McDonald’s Corp. (Tii:MCD) is pausing the reopening of dine-in service in the U.S. as coronavirus cases continue to spread across states. The burger giant said last Wednesday that it would wait three weeks before any new U.S. restaurants add dine-in service to its drive-through, takeout and delivery operations.
Amazon (Tii:AMZN) is postponing its annual Prime Day shopping event to October, the third delay this year. In one email sent to third-party sellers, Amazon gave a "placeholder" date in the week of October 5, and in another email said this date change would be the "final" update.