Apr 11, 2019

Uber Eats had $7.9 billion in gross bookings last year

Uber Eats delivery drive in Lisbon, Portugal. Photo: Horacio Villalobos - Corbis/Corbis via Getty Images

Uber provided a look into its food delivery business — Uber Eats — as part of its IPO filing on Thursday.

By the numbers: $7.9 billion in gross bookings for 2018, up from $3 billion in 2017. This translates to $1.5 billion in revenue, up from $587 million in 2017, and $757 million in adjusted net revenue in 2018, up from $367 million the prior year.

Why it matters: Bankers courting the company gave Uber Eats a lofty valuation and expected it to become profitable quickly. But Uber's regulatory filing shows that while it's a growing portion of the business, it's still much smaller than its core ride-hailing business.

Go deeper: Uber files for its IPO

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U.S. cities crackdown on protests against police brutality

Photo: Megan Jelinger/Anadolu Agency via Getty Images

Major U.S. cities have implemented curfews and called on National Guard to mobilize as thousands of protesters gather across the nation to continue protesting the death of George Floyd.

The state of play: Hundreds have already been arrested as tensions continue to rise between protesters and local governments. Protesters are setting police cars on fire as freeways remain blocked and windows are shattered, per the Washington Post. Law enforcement officials are using tear gas and rubber bullets to try to disperse crowds and send protesters home.

Trump to invite Russia and other non-member G7 countries to summit

President Trump at Cape Canaveral, Florida, on Saturday. Photo: Saul Martinez/Getty Images

President Trump told reporters on Saturday evening he would postpone the G7 summit to September and expand the meeting to more nations that are not members of the Group of 7.

Details: Trump said he would invite Russia, South Korea, Australia and India to the summit, according to a pool report. "I don’t feel that as a G7 it properly represents what’s going on in the world. It’s a very outdated group of countries," he said.

Updated 1 hour ago - Politics & Policy

George Floyd protests: What you need to know

Thousands of protesters march in Denver, Colorado, on May 30. Photo: Michael Ciaglo/Getty Images)

Curfews are being imposed in Portland, Oregon, and Cincinnati, while the governors of Georgia, Kentucky, Ohio and Texas activated the National Guard following unrest in the states, per AP.

The big picture: Floyd's fatal run-in with police is the latest reminder of the disparities between black and white communities in the U.S. and comes as African Americans grapple with higher death rates from the coronavirus and higher unemployment from trying to stem its spread.