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Report: UberRush will stop handling restaurant deliveries

Uber plans to close its UberRush courier service to restaurant deliveries, according to a report in Quartz. Instead, restaurants will be encouraged to use UberEats, the company’s food delivery service, instead. The move is noteworthy because restaurants were one of UberRush’s key clientele when it launched in October 2015 as a ...

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Online coupon site RetailMeNot acquired for $630 million

Harland Clarke, a payment and marketing services firm, will acquire online coupon site RetailMeNot in a deal worth $630 million in equity. Harland Clarke will pay $11.60 per share in cash, which is about 50% higher than the stock’s closing price of $7.75 on April 7. A subsidiary of MacAndrews ...

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Pay day loan firm Wonga suffers data breach affecting up to 270,000

Payday loan firm Wonga has suffered a data breach affecting up to 245,000 customers in the UK. A further 25,000 customers in Poland may also be affected, according to the BBC. A notification on Wonga’s UK website currently warns of “illegal and unauthorised access to limited personal data”, and says affected customers have been ...

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Stripe’s Patrick Collison says no to an IPO any time soon

You can imagine that Stripe CEO Patrick Collison is asked a lot about whether his San Francisco-based payments company plans to go pubic any time soon. Last year, the seven-year-old company raised $150 million in a deal co-led by General Catalyst Partners and CapitalG that valued the startup at $9.2 billion, ...

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