"nearly $500 million valuation. They are now in the process of raising new funding"
That's the reason. Positive buzz. Are you of the opinion that all these VCs and investors are geniuses that do intense due diligence? Or do they herd follow into what turn out to be terrible businesses (note: not saying Postmates necessarily is) all the time? I'm certainly in the camp of the latter.
"nearly $500 million valuation. They are now in the process of raising new funding"
That's the reason. Positive buzz. Are you of the opinion that all these VCs and investors are geniuses that do intense due diligence? Or do they herd follow into what turn out to be terrible businesses (note: not saying Postmates necessarily is) all the time? I'm certainly in the camp of the latter.