Food-delivery platform DoorDash Inc. plans to lay off about 1,250 employees, becoming the latest technology company to admit that it grew expenses too rapidly for the current climate. Chief Executive Read more
Tag: DoorDash
DoorDash orders hit all-time records as growth continues; stock shoots higher
DoorDash Inc. handily beat third-quarter revenue expectations and reported all-time highs in total orders and gross order value, though the food-delivery company’s quarterly loss was wider than expected in results Read more
DoorDash earnings: What to expect
DoorDash Inc. is scheduled to report third-quarter earnings Thursday afternoon, after the close of markets in the U.S. Analysts on average expect DoorDash’s DASH, +4.15% quarterly losses to double from Read more
As DoorDash stock hits lowest price ever, analysts track a slowdown in food delivery
The food-delivery business has seen lots of ups and downs this year — shutdowns, layoffs, consolidations — as consumers resume their pre-pandemic ways. Now, data and insider commentary about the Read more
‘Gig work’ rule is in Biden administration’s crosshairs, sending DoorDash and Lyft stocks to all-time lows
The Labor Department on Tuesday proposed a rule that could cut at the heart of the business models of Uber Technologies Inc., Lyft Inc., DoorDash Inc. and other companies that Read more
FTC sends a warning to Uber, Lyft, DoorDash and other ‘gig-work’ companies
The Federal Trade Commission announced Thursday that it plans to crack down on the exploitation of gig workers, whom the agency said are entitled to protection regardless of their worker Read more
DoorDash stock surges as it reports record food-delivery orders but larger loss than expected
DoorDash Inc. on Thursday reported continued growth in the second quarter, saying that its food-delivery business remains healthy despite economic uncertainty, but its loss was worse than what Wall Street Read more
Scammers target Uber Eats, DoorDash and Instacart workers — and why it may never end
Jimmy Quach had been working part time as an Uber Eats delivery driver in Albuquerque, N.M., for two months when he was scammed out of his earnings. After a customer Read more
SEC questions DoorDash about removing overhead from adjusted financial metrics
The Securities and Exchange Commission questioned DoorDash Inc.’s removal of overhead costs in non-GAAP metrics, but the company seemed to successfully argue that the adjustment was not material. Correspondence made Read more