SoftBank wants its on-demand portfolio to stop losing so much money

SoftBankwants its competing portfolio companies to stop losing so much money and, in some cases, to merge.
That’s the news out from Financial Times today, which reported that Uber and DoorDash discussed merging last year. The talks didn’t wind up in a deal.
The two companies, each heavily backed by SoftBank and its formerly active Vision Fund, compete in the food delivery space at great expense. Uber’sEats business turned $392 million in adjusted net revenue in Q3 2019 into $31