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Uber, Nvidia-backed Serve Robotics hits public markets with $40M splash

Serve Robotics, the Uber and Nvidia-backed sidewalk robot delivery company, debuted publicly on the stock exchange Thursday, making it the latest startup to choose going public via a reverse merger as an alternative path to capital needed to fund growth. The company, which spun out of Uber's acquisition of Postmates in 2021, hits the Nasdaq under the ticker "SERV" with gross proceeds of roughly $40 million -- "prior to deducting underwriting discounts and offering expenses,&...
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Source: yahoo.com

California's $20 Minimum Wage Forces Fast Food Franchises to Innovate or Cut Costs

"Price is a lever that independent business owners like myself can pull to alleviate some of the pressure, but it's about more than adjusting the cost to consumers," Scott explained. These include enhancing efficiency through capital expenditures, judiciously managing supplies, and possibly expanding market share to distribute the cost burden broadly.
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