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Technology Stocks : Uber Technologies and Lyft Inc. IPOs -- Ignore unavailable to you. Want to Upgrade?

To: FR1 who wrote (130)	4/1/2020 7:30:14 PM
From: Glenn Petersen	Respond to of 266

It would be a natural extension of their current business, although they probably should have entered the market when they started Uber Eats. At this point, unless they were able to acquire some regional players, they would have to build out a national infrastructure to compete not only with Instacart, but also with Amazon Fresh and Walmart I have periodically used Peapod for about ten years. Unfortunately, they recently pulled out of the Chicago market. They were great. I’ll probably be experimenting with Amazon Fresh and Instacart.

To: FR1 who wrote (130)	5/4/2020 12:24:46 PM
From: Glenn Petersen	Respond to of 266

Re: Uber Eats In a post-coronavirus world, “eating out” may mean utilizing an on-demand service delivering food from a “ghost” kitchen. In a post-lockdown world, that model, while imperfect, could be the future for countless restaurants across the nation struggling to pay rent on empty dining rooms...While owners can negotiate payments with their landlords, for the time being, social distancing may force restaurants into a world where on-demand is everything...Restaurants that rely on delivery must also reckon with the fact that technology companies like Doordash, Postmates, and Grubhub have consolidated these services. According to an estimate by commercial real estate firm CBRE Group, 70% of restaurant delivery orders will be coming from third-party apps by 2022. Message 32715191 I suspect that Uber Eats will generate at least 35% of Uber’s revenue this year. 2019 Uber Eats revenue: $2.51 billion Percentage increase from prior year: 149% Percentage of total Uber revenue: 17.74% 2018 Uber Eats revenue: $1.46 billion Percentage increase from prior year: 249% Percentage of total Uber revenue: 12.95% 2017 Uber Eats revenue: $587 million Percentage increase from prior year: N/A Percentage of total Uber revenue: 7.40%