Illustration: Aïda Amer/Axios

Many well-known consumer service startups have begun supplementing their core businesses with secondary revenue streams.

Why it matters: After lukewarm investor reception to IPOs by Uber and Lyft, there’s increased pressure to find paths to profitability.

On-demand delivery companies, whose business model is most similar to ride-hail because of slim margins and human labor costs, have been drawing additional revenue in several different says.

  • Grocery delivery service Instacart gets paid to promote select packaged goods to consumers.
  • Meal delivery companies Postmates and DoorDash offer a range of services to restaurants, from order management software to a white-label delivery fulfillment service to merchants like Apple and Chipotle.

WeWork, best known for its flexible office rentals, sells office design and management services to companies that want to import the WeWork brand and experience without physically uprooting.

  • The company also is experimenting with such things as an elementary school and apartment building with flexible leases.

Airbnb is going with a more direct adjacency: Hotel bookings.

SoFi, which for years was best known for refinancing student loans, has recently launched new businesses like deposits and robo-advising.

The bottom line: Few of these initiatives will rival the core business, but might give future investors more comfort that growth needn't come at the indefinite expense of profit.

Go deeper

Biden: The next president should decide on Ginsburg’s replacement

Joe Biden. Photo: Drew Angerer / Getty Images

Joe Biden is calling for the winner of November's presidential election to select Ruth Bader Ginsburg's replacement on the Supreme Court.

What he's saying: "[L]et me be clear: The voters should pick the president and the president should pick the justice for the Senate to consider," Biden said. "This was the position the Republican Senate took in 2016 when there were almost 10 months to go before the election. That's the position the United States Senate must take today, and the election's only 46 days off.

Trump, McConnell to move fast to replace Ginsburg

Photo: Alex Wong/Getty Images

President Trump will move within days to nominate his third Supreme Court justice in just three-plus short years — and shape the court for literally decades to come, top Republican sources tell Axios.

Driving the news: Senate Majority Leader Mitch McConnell and Senate Republicans are ready to move to confirm Trump's nominee before Election Day, just 46 days away, setting up one of the most consequential periods of our lifetimes, the sources say.

Updated 5 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 10 p.m. ET: 30,393,591 — Total deaths: 950,344— Total recoveries: 20,679,272Map.
  2. U.S.: Total confirmed cases as of 10 p.m. ET: 6,722,699 — Total deaths: 198,484 — Total recoveries: 2,556,465 — Total tests: 92,163,649Map.
  3. Politics: In reversal, CDC again recommends coronavirus testing for asymptomatic people.
  4. Health: Massive USPS face mask operation called off The risks of moving too fast on a vaccine.
  5. Business: Unemployment drop-off reverses course 1 million mortgage-holders fall through safety netHow the pandemic has deepened Boeing's 737 MAX crunch.
  6. Education: At least 42% of school employees are vulnerable.