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Uber Technologies (New York Stock Exchange:UBER) is shutting down alcohol delivery service Drizly after it bought the company for $1.1 billion three years ago.
“After three years of Drizly operating independently within the Uber family, we have decided to close the business and focus on our Uber Eats' core strategy of helping consumers get almost anything, from food to groceries to alcohol, all in one app,” said Pierre-Dimitri Gore-Coty, senior vice president of delivery at Uber. axios In an interview.
Uber (UBER) agreed to acquire Drizly in a $1.1 billion cash and stock deal in February 2021.
The Federal Trade Commission last January finished an order with online alcohol marketplace Drizly and its CEO over company security flaws that FTC Allegedly Caused Data Breach exposing the personal information of around 2.5 million consumers.
