Stock Futures Fall as U.S. Government Debt Downgraded
Stock futures took a tumble on Thursday, indicating that the equities market would continue its downward trend. The drop in stock futures followed a downgrade in U.S. government debt. Amidst…
DoorDash Rivals Canadian Instacart in Partnership With Grocery Firm Loblaw
(FT) DoorDash has partnered with Canada's leading grocery chain Loblaw to increase its delivery footprint in the country. The partnership allows DoorDash to build warehouses for Loblaw, which will handle…
DoorDash Posts a Record Monthly Users in Q1 2022, Revenue Jumps 35%
(DoorDash) A $12.4 billion Marketplace GOV, up 25% from the prior year, helped DoorDash report a record monthly active users in the first quarter of 2022. DoorDash said the robust…
DoorDash Soars 27% After Q4 2021 Revenue Beats Forecasts
(DoorDash) Shares of DoorDash surged more than 27% on Thursday after the delivery company reported a revenue of $1.3 billion in the fourth quarter of 2021. The revenue, beat estimates…
DoorDash Jumps After a €7B Deal to Buy Finnish Delivery Firm Wolt
(FT) Delivery firm DoorDash rose about 20% in premarket trading on Wednesday on news it will acquire Finnish delivery operator Wolt for 7 billion euros. DoorDash expects the deal to…
DASH Q3 Earnings Preview: The Company Is to Top Estimates
DoorDash stock up 24% ahead of the Q3 report.Q3 revenue and earnings are expected to top estimates.The focus will be on the expansion plans needed to diversify the core business.…
Food Delivery Firms That Include Uber Move to Court to Protest NYC Cap Fees
(WSJ) Uber Technologies, DoorDash Inc., and Grubhub Inc. have filed a lawsuit in a New York federal court to protest a fee cap by the city authorities. The food-delivery firms…
DoorDash Plunges Despite an 83% Sales Increase that Beat Estimates in Q2
(DoorDash) Delivery startup DoorDash Inc. fell more than 5% on Friday premarket trading despite posting a revenue of $1.25 billion in the second quarter. The revenue was up 83% year…
DoorDash Aims to Raise $3.4 Billion in Much-Awaited IPO
Food delivery start-up DoorDash said on Friday it expects to raise up to $3.14 billion in the U.S. initial public offering (IPO), according to Yahoo! finance. The company, the biggest…
DoorDash Prepares for Listing by Filing its IPO Prospectus with SEC
DoorDash, the leading food delivery app in the U.S., on Friday filed a $100 million IPO offering with the Securities and Exchange Commission as it prepares to list on the…
4 Top Upcoming Tech IPOs
Technology companies tend to outperform other industries in the United States. For example, in the past five years, the Nasdaq 100 index, which tracks the US’s biggest tech names, has…