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.
Check us out on Apple Podcasts and pretty
much every podcast platform. We post episodes every Friday at 6am PT.
No comments:
Post a Comment