That would mean it'd be beholden to payroll and benefits costs, as well as any discrimination claims or employee benefit claims that may arise.Īnother risk factor to its business, DoorDash said in the filing, is its ability to "cost-effectively attract and retain Dashers." The company added that "negative perception of our platform or company may harm our reputation, brand, and local network effects." Last month, the company settled a lawsuit for $2.5 million with the attorney general of Washington, DC, over allegedly deceptive business practices where it withheld tips from delivery workers. DoorDash also said its operations could be hurt if its delivery workers - or Dashers, as the company calls them - are reclassified as employees. In its federal filing, the company said it faces fierce competition from companies like Uber and Grubhub. Citing continued strong demand for delivery, DoorDash Inc. DoorDash DoorDash Inc (DASH) NYSE 73.16 +0.79 (+1.09) 13/06 Closed USD Disclaimer Pre-Market 72.00 -1.16 (-1.59) 14:06:26 GMT Overview Profile Chart News & Analysis Technical Financials. Emergency exit line icon, Navigation concept Exit sign on white background, exit door icon in outline style for. Want to see it on more articles Give your feedback below or email. Emergency exit line icon, Navigation concept Exit sign on white. DoorDash’s shares are trading on the New York Stock Exchange under the symbol DASH.DoorDash says it now has more than 18 million customers, partners with more than 390,000 merchants and has more than 1 million delivery workers on its platform.ĭoorDash's business isn't without risk, however. Browse 210+ door dash logo stock illustrations and vector graphics available royalty-free, or start a new search to explore more great stock images and vector art. Get the latest DoorDash, Inc DASH detailed stock quotes, stock data, Real-Time ECN, charts. and JPMorgan Chase & Co., with Barclays Plc, Deutsche Bank AG, RBC Capital Markets and UBS Group AG also on the deal. View DoorDash, Inc DASH investment & stock information. Margins in the business are razor thin, prompting a wave of consolidation last summer that saw Grubhub get bought by Just Eat NV for US$7.3 billion.ĭoorDash’s offering is being led by Goldman Sachs Group Inc. struggled to make money amid fierce competition among themselves and blowback over their fees and treatment of workers. Certain cities, including New York and Seattle, have set limits on the amount of fees delivery services can charge restaurants.īefore the pandemic, food-delivery companies like DoorDash and rivals Uber Eats and Grubhub Inc. While DoorDash was a sort of lifeline to many restaurants as pandemic lockdowns forced them into a takeout-only model, the fees that it charges restaurants, which can be 30 per cent of the cost of an order, are seen as unfair by some eateries. Revenue in the first nine months of the year more than tripled and its net loss narrowed from a year earlier on a surge in new customers, the company said in its filings. Doordash (DASH-N) Trending stocks today Tesla Inc Home Depot Walt Disney Co. Article contentĭoorDash has seized on the pandemic-fueled boom in demand for meals brought to your door, as well as investor exuberance over new stock listings as it moves ahead with its IPO. This advertisement has not loaded yet, but your article continues below.
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