India wouldn’t be the first international market Uber Eats retreats from. In September 2019, Uber exited South Korea.
Interestingly, while Uber exits these markets to focus on its core, others are not shying away from expanding. Delivery Hero acquired South Korea-based Woowa Brothers for $4B just last week.
The prince of thieves
Incumbent brokerages saw their combined market caps drop by $19.6B after cutting trade commissions, à la Robinhood.
Startups are leveraging tech to accelerate medical research. One co hopes to reward contributors that donate genetic info by offering them company shares.
The virtual goods market is no joke: even iconic luxury house Louis Vuitton designed exclusive digital clothing, or “skins,” and accessories for League of Legends characters.
All the data in this newsletter comes from CB Insights.
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