An Uber sign is displayed inside a car in Palatine, Ill., Thursday, Feb. 10, 2022. (AP Photo/Nam Y. Huh, File)
Uber is shutting down alcohol delivery app Drizly, the company confirmed, three years after acquiring the platform for $1.1 billion.
Drizly will officially shut down at the end of March, Uber told The Associated Press. That means orders are open until then, Drizly said in details posted on X, the platform formerly known as Twitter.
"We'll be sure to let you know when it's last call," Drizly wrote in a post Monday.
In a prepared statement, Uber's senior vice president of delivery Pierre Dimitri Gore-Coty said that the company decided to close Drizly's business and "focus on our core Uber Eats strategy of helping consumers get almost anything — from food to groceries to alcohol — all on a single app."
Uber purchased Drizly in a cash-and-stock deal back in 2021. The Boston-based subsidiary continued to operate as a standalone app, with its marketplace also integrated into the Uber Eats platform.
Drizly currently delivers beer, wine and spirits in states where it's legal, and partners with retailers across North America.
Regulators accused the alcohol delivery app of security failures several years ago that exposed personal information of some 2.5 million customers. To resolve these allegations, Drizly later agreed to tighten security and limit data collection.
Axios first reported on Uber's decision to shutter Drizly Monday.
In a Tuesday email to The AP, Uber said it plans to learn from Drizly's time in the industry as the company continues to grow its own "BevAlc" offerings, which are currently available in 35 U.S. states and 25 countries worldwide. The San Francisco company added that the majority of current Drizly customers also have Uber accounts.
Kevin Gordon, Senior Investment Research Manager at Charles Schwab, shares his thoughts on how investors can take advantage of the current bull market while keeping in mind the impacts of Fed policy and inflation.
Lab-created diamonds come with sparkling claims: that they are ethically made by machines running on renewable energy. But many don't live up to these claims or don't respond to questions about their electricity sources, and lab diamonds require a lot of electricity.
Geoff Freeman, president and CEO of the U.S. Travel association, explains why other nations are outcompeting the U.S., and the innovations that would put American back on top.
Tony Drake, founder of Drake & Associates, breaks down the latest CPI report, why ‘inflation is still trending down,’ and why the Fed doesn’t want to cut rates too soon.
Make sure your love don't cost a thing this Valentine's Day to any scammers. Note: we're not talking about your partner that didn't do the dishes after saying they would.
Landing founder and CEO Bill Smith shares how the company’s new Nomad pass and partnership with Frontier Airlines allows subscribers unlimited airfare and accommodations.
The pandemic yielded government financial support and (eventually) a surprisingly strong job market — but racial wealth disparities grew. Why is it so difficult to close the wealth gap?
