Home / News / Recode Daily: Postmates picks up $100 million in new funding before its 2019 IPO

Recode Daily: Postmates picks up $100 million in new funding before its 2019 IPO

A brand new $100 million funding in Postmates values the food-delivery startup at $1.85 billion forward of its 2019 IPO. The funding contains participation from a brand new backer, the outstanding public-market investor BlackRock, which is entering the corporate within the nick of time: Postmates has employed JPMorgan Chase to underwrite its IPO, which is predicted within the first part of this 12 months. The corporate, which is most well liked in Los Angeles, has been dramatically increasing its transport areas, with its carrier now to be had in 550 towns; In 2017, its income grew greater than 85 p.c to round $250 million on just about $900 million in overall product sales. In the meantime, BlackRock is slicing about 500 jobs, kind of three p.c of its group of workers of greater than 14,000 workers. [Theodore Schleifer and Jason Del Rey / Recode]

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All through a seek advice from to the US-Mexico border, President Trump once more threatened to claim a countrywide emergency and circumvent Congress if he can’t get investment for his proposed border wall by way of the appropriations procedure. Trump additionally introduced he used to be canceling his January 21 go back and forth to Davos, Switzerland, for the International Financial Discussion board, an indication that the already 20-day partial govt shutdown may proceed for weeks. In the meantime, Trump’s Tuesday primetime TV look drew about 40 million audience, in line with Nielsen, which broke it right down to 24 million audience at the 4 main broadcast networks and just about 16 million on Fox Information, CNN and MSNBC. [Catherine Lucey, Lisa Mascaro and Laurie Kellman / AP]

Amazon is creating a carrier for streaming videogames over the web, becoming a member of Microsoft, Google, and different firms which might be development equivalent choices in what might be the most important new battleground in on-line leisure. Streaming services and products constitute a doubtlessly important shift within the video games industry by way of, in some instances, getting rid of the will for avid gamers to buy pricey , akin to consoles or PCs, and permitting folks to play them on units with much less processing muscle, together with smartphones, drugs and sensible televisions. Amazon has begun speaking to video games publishers about distributing their titles thru its carrier, which isn’t more likely to be introduced till subsequent 12 months on the earliest.[Jessica Toonkel and Kevin McLaughlin / The Information]

IMDb, the Amazon-owned film database website, has introduced Freedive, a unfastened streaming video channel to be had in the United States. Amazon has stocked the ad-supported on-demand carrier with a again catalog of flicks and TV presentations, together with come with previous seasons of The Bachelor (seasons 20 and 21), Gilligan’s Island, and Kitchen Nightmares, in conjunction with the flicks Adaptation, Force, and True Romance. Freedive additionally faucets into Amazon’s X-Ray function, which we could audience get entry to data pulled from IMDb a couple of name’s forged, staff, minutiae, soundtracks and extra. The Freedive carrier, which is able to compete with VOD choices from Tubi, Pluto TV, and Walmart’s Vudu, is to be had at the IMDb web page by way of computer systems and on all Amazon Fireplace TV units; it’ll be to be had quickly on cellular units in the course of the IMDb app. [Todd Spangler / Variety]

Advert stock for Tremendous Bowl LIII is “over 90 p.c bought” with simply over 3 weeks sooner than the February three recreation, in line with CBS; a 30-second spot is going for greater than $five million, which is analogous to final 12 months’s value. Beer behemoth Anheuser-Busch, the unique Tremendous Bowl alcohol advertiser, is ponying up for greater than 5 mins of advert time; take a look at who else you’ll see to your display screen of selection with Adweek’s Advert Tracker.[Jason Lynch / Adweek]


How did a good looks blogger grow to be the chief of a $86 million empire and a industry icon of her era? Emily Weiss can let you know. As founder and CEO of Glossier, Weiss has created greater than a direct-to-consumer good looks corporate — it’s a group archive of self-empowerment, serving to folks from all walks of lifestyles glance excellent and really feel even higher. Her leading edge way has landed her on Forbes’30 Below 30 listing, Speedy Corporate’s Maximum Ingenious Other folks in Industry, and AdWeek’sMost sensible 20 Content material Creators. Sign up for us on Monday, January 14, on the 92nd Boulevard Y in New York Town, as Weiss sits down with Recode’s Kara Swisher for an interesting, in-depth dialog on innovation, good looks, and industry. This system starts at 7:30 pm; click on right here to shop for tickets.


Most sensible tales from Recode

Google’s dad or mum corporate is dealing with a lawsuit for its alleged mishandling of an explosive sexual misconduct case.

The lawsuit in opposition to Alphabet’s board alleges that Google management’s misconduct has brought about “critical monetary and reputational harm” to the corporate. [Shirin Ghaffary]

Amazon will win promoting greenbacks clear of Fb amid privateness considerations, a brand new survey suggests.

Most sensible advert consumers say higher spending on Amazon is most commonly coming from different virtual platforms. [Rani Molla]

That is cool

How we were given that glance: The four-part Vox Leisure-produced authentic docuseries American Taste launches on Sunday on CNN.

Antique vehicles with electric-heart transplants.

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