Source: Bloomberg
Summary
Travis Kalanick’s CloudKitchens is merging with Atoms, a company that aims to expand into various sectors. CloudKitchens, a ghost kitchen company, will be rolled into Atoms. The combined entity also plans to venture into mining and transportation.
Our Reading
The launch follows a familiar script.
Atoms is taking over CloudKitchens, because who doesn’t want to get into the lucrative world of ghost kitchens? The company also wants to mine and transport things, because why not? Atoms is apparently a fan of diversification. Travis Kalanick is still involved, because he’s not one to shy away from a challenge. Or a controversy.
Author: Evan Null
