Brands On The Move: Uber, Walmart


July 8, 2020 Facebook Twitter LinkedIn Google+ Brands On The Move


Brands

Welcome to Brands On The Move, The Connected One’s daily resource for marketers. In this column we will be publishing news briefs about the wins and losses of brands across the globe.

    • Uber [TCO] has acquired food delivery service Postmates for $2.65 billion and operate independent of Uber Eats, the company lost out on its bid to acquire competitor Grubhub back in May[The Connected One – Win. When a company can diversfy their offering it is a win, especially to stockholders. Uber will control ~30% of the market share in food delivery companies (22% Uber Eats, 8% Postmates).  ]
    • Walmart [TCO] is converting 160 of its US store parking lots into drive-in movie theaters as they partner with Tribeca Enterprises, the Robert De Niro-backed media company which produces the annual Tribeca Film Festival [The Connected One – Win. Brilliant partnership opportunity as COVID-19 has forced both companies to adjust their business and there-by capping ability to general revenue but their new plan will make use to open space]

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