The Daily Money 7-6-20

It's Monday, Daily Money readers. Brett Molina here to help you put away the July 4th fireworks and deliver the latest news in Money and Tech.

An ad boycott against Facebook has drawn several big names: Starbucks, Target, and Verizon, to name a few. Critics who started the boycott have recommendations they want Facebook to implement to curb hate speech. But there's one problem: the departure of these advertisers for July and beyond may not be enough to change Mark Zuckerberg's mind.

Big news in the food delivery business: Uber is planning to acquire Postmates in an all-stock deal valued at $2.65 billion. Uber currently operates Uber Eats, but plans to still run Postmates as a separate app. It's all part of a plan to catch the frontrunner in the growing food delivery market: DoorDash. 

If you're working from home, you're likely not wearing a lot of clothes that require dry cleaning. No events and no work from the office means dry cleaners' revenue is drying up. As one owner explains it: "It's great to be called essential. But it didn't matter because you just had no business."

Need more Money and Tech headlines? Keep scrolling.

Brett Molina, Money/Tech editor