Startup

Business • Economy
Uber acquires Postmates for $2.65 billion
Uber acquires Postmates for $2.65 billion
Credit: Logos via Uber & Postmates

The ride-hailing company Uber has acquired the food delivery company Postmates for $2.65 billion. In a statement on Uber's website, the company announced the acquisition, stating: "Uber Technologies, Inc. and Postmates Inc. today announced that they have reached a definitive agreement under which Uber will acquire Postmates for approximately $2.65 billion in an all-stock transaction."

"Uber and Postmates have long shared a belief that platforms like ours can power much more than just food delivery—they can be a hugely important part of local commerce and communities, all the more important during crises like COVID-19," the statement continued.

Technology • Internet & Web
Workspace and note-taking app Notion has been blocked in China
Screenshot of Notion's front page
Screenshot of Notion's front page Credit: Notion

Notion, the fast-growing workspace and note-taking app, has been blocked in China, according to a tweet by the company: "Notion is blocked by a firewall in China. We are monitoring the situation and will continue to post updates."

Technology • Internet & Web
Zoom acquires security startup Keybase to get end-to-end encryption expertise

Video communications company Zoom announced today is buying Keybase, makers of an end-to-end encrypted messaging and cloud storage system.

Zoom, in a press release, stated: "We are excited to integrate Keybase’s team into the Zoom family to help us build end-to-end encryption that can reach current Zoom scalability. "

The acquisition is the first one in Zoom's history.