Uber Autocab News Today

The competition watchdog has raised concerns over the £6.5bn takeover of Gumtree by Adevinta, warning it could push up prices and reduce choice for consumers.

Shares in the ride-hailing firm were up more than seven per cent in New York. Boston-based Drizly, which was founded in 2012, has grown into the largest US alcohol delivery service and is available in more than 1,400 cities. The company, dubbed “Amazon for liquor”, has benefited from increased demand during the pandemic as consumers order beer, wine and spirits while staying at home. Uber has also shifted its focus to its food delivery offering during the Covid crisis, acquiring Postmates f...

The big story: Robinhood raises $1B I know the newsletter has been dominated by Robinhood and stock market news for the past few days but, well, so have the headlines. The latest news is that after reportedly tapping its credit lines, Robinhood raised $1 billion in new funding from existing investors. It seems the company needed the money in order to meet regulatory minimums and other requirements tied to users’ trading activity. Meanwhile, the SEC has issued a statement that doesn’t specif...