News

‘Nobody’s making money in this business’: Uber’s CEO defends a possible GrubHub merger amid criticism of the reported merger talks

Uber CEO Dara Khosrowshahi was on Recode’s Decode Podcast with Kara Swisher, published Monday. In the interview, Khosrowshahi defended any potential deal in the food-delivery space, downplaying concerns from some lawmakers about “pandemic profiteering.” In order for anyone to make a profit delivering meals or groceries, he said, it all […]
‘Nobody’s making money in this business’: Uber’s CEO defends a possible GrubHub merger amid criticism of the reported merger talks
Strategy

Businesses could need 3 years worth of cash to weather this recession — but a new study shows half of small businesses only have 27 days of cash in reserve

Social Capital CEO and former Facebook VP Chamath Palihapitiya went on Kara Swisher’s “Recode Decode” podcast and predicted that businesses will need 36 months’ worth of cash – that’s 3 years – to weather the coronavirus recession and recovery. But small businesses – including many startups – likely don’t have […]
Businesses could need 3 years worth of cash to weather this recession — but a new study shows half of small businesses only have 27 days of cash in reserve
Tech

Elon Musk says Apple doesn’t really ‘blow people’s minds’ anymore

Elon Musk said in a new interview that Apple’s products don’t blow people’s minds anymore. He added that Apple still makes great phones though. He’s previously called Apple the “Tesla graveyard,” suggesting that Tesla employees who don’t work out often land at Apple. Elon Musk, the Tesla CEO and celebrity […]
Elon Musk says Apple doesn’t really ‘blow people’s minds’ anymore