Uber Acquires Postmates for $2.65 billion all-stock.
Postmates has been an early pioneer of “delivery-as-a-service,” which complements Uber’s growing efforts in the delivery of groceries, essentials, and other goods. Link
Facebook launches Instagram Reels in India
Launched just in time to capitalize on the TikTok ban in India. Reels allows users to create 15 second videos similar to TikTok functionality. Link