Walmart Inc. agreed last year to buy Cornershop for $225 million, but Mexican regulators blocked the deal. On the consumer side of the equation, I may be more likely to order Uber Eats for dinner or grocery staples if I am used to taking an Uber car ride. And that matters enormously for the profitability of these orders.The big conundrum for Uber is it must keep expanding, even if it doesn’t work. (That may explain why Uber shares are trading higher on the Cornershop news.) So it’s odd that Uber would make forays into additional logistically tricky and financially uncertain categories such as groceries without having a better story to tell.

Source: Economic Times October 11, 2019 17:03 UTC