Welcome to “Equity,” TechCrunch’s venture capital and tech business podcast.
On this week, we were joined by Mike Ghaffary from Social Capital, who was the perfect guest because he used to run Eat24, when it was Yelp’s food delivery business. Food delivery is highly relevant to this week’s news.
First up, we talked about Uber, which is losing lots of money in Asia and also from Uber Eats. It could be profitable if it wants to, says Uber’s chief, but it doesn’t want to because the company is investing in growth. Okay!
Next, we talked about Instacart and how somehow investors are throwing even more money at the company. The grocery delivery app is now worth over $4 billion, on paper anyway.
And of course there’s Amazon, which often seems like it’s winning at everything, but hundreds of people at the company are still losing their jobs. Ouch.
Check us out on Apple Podcasts and pretty much every podcast platform. We post episodes every Friday at 6am PT.