Tag Archives: DoorDash

Food delivery giant DoorDash is doubling down on its global ambitions, even as the delivery space faces steep declines from its pandemic highs. In an interview with Yahoo Finance at the Collision Conference, Co-Founder and CTO Andy Fang explained what the company’s recent $3.5 billion acquisition of Finnish delivery company Wolt meant for them down the road. “With the partnership with Wolt, I think we’re going to be able to fast forward those ambitions,” Fang said, adding: “People ask us,… Source link

DoorDash is making all its employees — even the CEO — work as delivery drivers at least once a month.Noam Galai/Getty Images DoorDash is reinstating its WeDash program. The program requires staff — including the CEO — to work as delivery drivers at least once a month. One employee who said they make $400K a year vented on social media about having to do the program. The delivery service DoorDash is making all its employees — even the CEO — deliver at least once a month, but not… Source link

DoorDash (DASH) posted a first-quarter earnings report on Thursday that largely surpassed Wall Street’s expectations, with the company demonstrating that the boost it got from COVID-19 demand has staying power beyond the pandemic. The company reported revenue that skyrocketed 198 percent compared to a year-ago, to $1.08 billion, and total orders soaring 219 percent year-over-year, to $329 million. The results sent its stock on a tear after hours, which was up over 10%. Here’s what the San… Source link

The New York Times 11 Years On, the Affordable Care Act Defies Opponents and Keeps Expanding WASHINGTON — More than 200,000 Americans flocked to the Affordable Care Act’s online marketplace to sign up for health insurance during the first two weeks of an open enrollment period created by President Joe Biden — a sign that those who lost insurance during the pandemic remain in desperate need of coverage. At the same time, a provision in the president’s $1.9 trillion stimulus law to make… Source link

TipRanks 3 ‘Strong Buy’ Stocks with Over 7% Dividend Yield It’s been up, up, and away for the markets since the end of September. Both the NASDAQ and S&P 500 are trading within 3% of their recent record high levels, after counting for daily fluctuations. It’s a clear sign of a bullish mood among investors.And that bullish mood is finding fertile soil among Wall Street’s stock analysts, who are not hesitant to make buy-side calls. There are some indications that the analysts are… Source link

(Bloomberg) — First it was DoorDash Inc. And now it’s Airbnb Inc. In a 24-hour period, the two startups went public and their valuations skyrocketed, a sign that both companies could have raised a lot more money than they did. Airbnb opened 115% above its initial public offering price, the biggest debut rally on record for a large U.S. listing. Had the shares priced closer to where they started trading — at $146 instead of $68 apiece — Airbnb could have raised $4 billion more for the… Source link

Food delivery app DoorDash (DASH) hit the public market on Wednesday, and closed the day up 86% from its IPO price of $102. That means a market cap of $72 billion for a seven-year-old startup that lost $667 million in 2019, and lost $149 million in the first nine months of 2020. David Trainer, CEO of market research firm New Constructs, calls it “the most ridiculous IPO of 2020.” Last year, his firm gave that title to the WeWork IPO, which was ultimately shelved. Why ridiculous? Lack of… Source link