UBER Stock Alert: Uber Is Shutting Down Its Drizly Alcohol Delivery Business

Uber (NYSE: UBER ) stock is in the news Tuesday after the company announced plans to shut down its Drizly alcohol delivery service. According to Uber, the company is closing down Drizly to focus more on its UberEats business. This comes after it acquired the alcohol delivery service three years ago for $1.1 billion.

Pierre Dimitri Gore Coty, senior vice president of delivery at Uber, said the following about the Drizly shutdown to Axios . Why Uber Closed Dirzly It’s worth mentioning that the shutdown of Dirzly comes after it suffered a major cybersecurity attack in 2020 that affected 2.5 million customers. An investigation into this attack revealed that Dirzly was aware of the security flaw for two years and didn’t fix it.

Investors will also note that the closure of Dirzly doesn’t mean customers are unable to get alcohol through Uber . Uber Eats still allows customers to get both groceries and alcohol delivered. UBER stock is down slightly as of Tuesday morning. Investors will want to stick around for even more of the latest stock market stories today! We are offering coverage of all the hottest stock market news investors need to know about on Tuesday! Among that is what’s happening with shares of Tesla (NASDAQ: TSLA ), Stellantis (NYSE: STLA ) and Vodafone (NASDAQ: VOD ) stock today.

You can catch up on this news at the following links! More Tuesday Stock Market News Elon Musk Wants 25% Voting Control of Tesla (TSLA) Stock. Is That Possible? Stellantis Layoffs 2024: What to Know About the Latest STLA Job Cuts VOD Stock Alert: Vodafone Signs $1.5 Billion AI Deal With Microsoft On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article.

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