Uber said it will become profitable next year thanks to its plan to buy food delivery service Postmates for US$2.65 billion. Uber stock has increased by 7% since the announcement was made. “Uber says it’s confident that the acquisition will help it become profitable by 2021, even as its ride-sharing business continues to struggle amid low demand during the coronavirus pandemic,” said Forbes. Uber is also riding on its UberEats business, which has been doing well amid the crisis. (Source: Forbes) Read the original article…
