One of the gig economy’s biggest stories earlier this month was Uber acquiring alcohol delivery start-up Drizly. The price tag for this acquisition was $1.1 billion in stocks and cash. Only 10% of the $1.1 billion was in cash. The rest was stocks. At the announcement of this acquisition, Uber’s stock price jumped as much as 7%.
New Opportunities For Gig Drivers, Drizly Expands Alcohol Services To Atlanta
Drizly is one of the largest alcohol e-commerce platforms in the US. On the 5th of January, Drizly announced its delivery service expansion in Atlanta.