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Uber’s losing billions, Amazon lays off hundreds and somehow Instacart gets more money
FromEquity
Currently unavailable
Uber’s losing billions, Amazon lays off hundreds and somehow Instacart gets more money
FromEquity
ratings:
Length:
25 minutes
Released:
Feb 16, 2018
Format:
Podcast episode
Description
Welcome to “Equity,” TechCrunch’s venture capital and tech business podcast.
On this week, we were joined by Mike Ghaffary from Social Capital, who was the perfect guest because he used to run Eat24, when it was Yelp’s food delivery business. Food delivery is highly relevant to this week’s news.
First up, we talked about Uber, which is losing lots of money in Asia and also from Uber Eats. It could be profitable if it wants to, says Uber’s chief, but it doesn’t want to because the company is investing in growth. Okay!
Next, we talked about Instacart and how somehow investors are throwing even more money at the company. The grocery delivery app is now worth over $4 billion, on paper anyway.
And of course there’s Amazon, which often seems like it’s winning at everything, but hundreds of people at the company are still losing their jobs. Ouch.
On this week, we were joined by Mike Ghaffary from Social Capital, who was the perfect guest because he used to run Eat24, when it was Yelp’s food delivery business. Food delivery is highly relevant to this week’s news.
First up, we talked about Uber, which is losing lots of money in Asia and also from Uber Eats. It could be profitable if it wants to, says Uber’s chief, but it doesn’t want to because the company is investing in growth. Okay!
Next, we talked about Instacart and how somehow investors are throwing even more money at the company. The grocery delivery app is now worth over $4 billion, on paper anyway.
And of course there’s Amazon, which often seems like it’s winning at everything, but hundreds of people at the company are still losing their jobs. Ouch.
Released:
Feb 16, 2018
Format:
Podcast episode
Titles in the series (100)
Equity Shot: Our favorite startups from YC Demo Day: Yep, it's another Equity Shot. We're back. And then we're going to be back on Friday. Because we can't stop talking about the biggest news week in the world of startups and venture capital in some time. Before we start, shoutout to the NBA for the growing, wildcat strike to protest racist police violence in America. Ok, back to our regularly scheduled programming. This time 'round Natasha and your humble servant were joined by Lucas Matney, a member of the TechCrunch reporting team and a first-timer on Equity. Where's he been all this time? Covering all sorts of things, including VR startups for the publication. He was also a big part of our coverage of both days of Demo Day, making him a perfect fit for this episode. Danny was given a break to sit at home, play board games, and iron his favorite sweatshirt. He's back Friday morning. In case you've missed the words, here's what we wrote this week on the subject: All the Day One by Equity