Democratic senators are calling on the DOJ and FTC to scrutinize Uber's potential acquisition of GrubHub
Wednesday to the Department of Justice and the Federal Trade Commission asking them to "closely monitor" Uber's potential acquisition of food-delivery startup GrubHub. Senators Patrick Leahy, Richard Blumenthal, and Cory Booker signed the letter along with Klobuchar.
Reports emerged earlier this month that Uber was in talks to acquire GrubHub as a way to bolster its Uber Eats revenues during the coronavirus pandemic — as Uber's main ridesharing business has taken a massive hit while"A merger of Uber Eats and Grubhub would combine two of the three largest food delivery application providers and raise serious competition issues in many markets around the country," the senators write.
"It is particularly troubling that this merger is being contemplated during a pandemic, when consumer demand has increased and when restaurants are more desperate for revenue than ever," the senators add, saying they worry about reports of food-delivery apps charging "exorbitant fees" to restaurants.
The senators say that even out of the context of the pandemic, they would find the merger and resultant duopoly. "That could mean higher fees, reduced services quality, fewer choices, and less innovation for consumers and the restaurants that serve them." Uber has taken a big hit from the coronavirus pandemic preventing customers from getting taxis, and hasAxel Springer, Insider Inc.'s parent company, is an investor in Uber.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
PHOTOS: Look inside a pre-Revolutionary war mansion in Charleston - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Weiterlesen »
Four Democratic U.S. senators warn against Uber buying GrubhubFour Democratic lawmakers, led by Senator Amy Klobuchar, wrote to antitrust enforcers on Wednesday to warn that plans by Uber Technologies Inc, owner of Uber Eats, to buy rival online food delivery company Grubhub Inc would 'raise serious competition issues' in many cities.
Weiterlesen »
PayPal adds QR code payments to its app - Business Insider - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Weiterlesen »
The PPP Small Business Loan Report from Insider Intelligence - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Weiterlesen »
Uber plans to increase severance to hourly workers who were laid off - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Weiterlesen »
GM and LG Chem Ohio joint-venture called 'Ultium Cells LLC' - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Weiterlesen »