Jan 11, 2018

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Layoffs begin at SoftBank-backed delivery company Rappi

Rappi logo

Rappi, an on-demand delivery startup operating in Latin America, this week laid off hundreds of employees, Axios has learned.

Why it matters: On-demand delivery of meals and other products is coming under increased financial pressure, as no one has managed to make the model profitable.

Go deeperArrowJan 9, 2020

Takeaway.com ups its takeover bid in effort to beat out Prosus for Just Eat

Takeaway.com appears poised to beat out Dutch conglomerate Prosus for London-based food delivery company Just Eat, after raising its takeover offer to nearly £6.3 billion in stock.

Why it matters: Because appearances may be deceiving. Yes, Just Eat's board this morning recommended Takeaway's offer, and lowered the shareholder approval threshold to just 50%.

Go deeperArrowDec 20, 2019

Keeping expectations for self-driving cars in check

Argo AI CEO Bryan Salesky. Photo: Courtesy of Argo AI

The rollout of self-driving cars is happening as it should — gradually and safely — Bryan Salesky, CEO of Argo AI, a leading developer of automated driving technology, tells Axios.

The big picture: Self-driving vehicles could help improve safety, reduce traffic congestion and improve access to transportation for many, but those benefits will come slowly and as part of a larger transportation system, Salesky said.

Go deeperArrowDec 20, 2019