Tag Archives: DoorDash Inc

Marqeta shares fall on departure of Jason Gardner as CEO

Marqeta celebrates IPO at the Nasdaq on June 9th, 2021. Source: The Nasdaq Shares of payment processor Marqeta closed down 24% on Thursday after founder Jason Gardner announced plans to step down as CEO, and the company said it’s being cautious given the challenges in the economy and fintech sector. …

Read More »

Uber and Lyft stocks had their best week ever

Air travelers wait in the ride share lot near a sign for Uber at Los Angeles International Airport (LAX) on August 20, 2020 in Los Angeles, California. Mario Tama | Getty Images Shares of gig economy companies Uber, Lyft, DoorDash and Airbnb popped this week after the companies posted quarterly …

Read More »

DoorDash (DASH) earnings Q2 2022

DoorDash delivery person Source: DoorDash DoorDash reported second-quarter results after the bell Thursday that beat Wall Street’s revenue expectations but showed a greater loss per share than anticipated. Shares of DoorDash popped 18% in after-hours trading. Here’s how the company did: Loss per share: 72 cents vs. 41 cents expected …

Read More »

Amazon launches same-day delivery from some brick-and-mortar retail brands

An Amazon delivery worker pulls a delivery cart full of packages during its annual Prime Day promotion in New York City, June 21, 2021. Brendan McDermid | Reuters Amazon said Monday it’s adding a handful of brick-and-mortar retail brands to its same-day delivery offering for Prime members. To start, Amazon …

Read More »

Amazon takes stake in Grubhub, adds food delivery perks to Prime

Food delivery workers on bicycles travel along a street in New York, U.S., on Tuesday, March 17, 2020. Debetrius Freeman | Bloomberg | Getty Images Amazon on Wednesday agreed to take a stake in Grubhub as part of a deal that will also give members of its Prime subscription program …

Read More »

Sequoia coaches start-ups to cut costs or face a ‘death spiral’

One of Silicon Valley’s most successful venture capital firms doesn’t see the economy bouncing back anytime soon and is warning portfolio companies to tighten their belts in the meantime. In a 52-page presentation seen by CNBC, the Sequoia lays out a litany of risks making it harder for founders to …

Read More »

Rapid grocery delivery start-ups Getir, Gorillas slash jobs

Fears of an impending recession are forcing rapid grocery delivery companies to slam the brakes on growth. This week, two of the largest instant grocery apps, Getir and Gorillas, announced decisions to lay off hundreds of employees. Another firm, Zapp said it is proposing redundancies in its U.K. team. Getir …

Read More »

Amazon tests using Flex drivers to make mall deliveries

Contractors working for the Amazon Inc. Flex program load packages into vehicles to deliver to customers in San Francisco. David Paul Morris | Bloomberg | Getty Images Amazon is turning to its legions of contracted Flex drivers to deliver packages from mall-based retailers, allowing sellers to ship products from their …

Read More »

Former Disney CEO Bob Iger invests in delivery start-up Gopuff

A bag of groceries with the logo of American on-demand delivery start-up Gopuff. Gopuff Delivery start-up Gopuff announced Wednesday that it’s bringing on former Disney CEO Bob Iger as an investor and advisor to the $15 billion company. “It’s been exciting to spend time with Gopuff leadership learning about the …

Read More »

SoftBank Vision Fund posts record $27 billion loss as tech stocks dive

SoftBank Founder Masayoshi Son said there is “confusion in the world” and in the markets due to a number of factors including Russia’s invasion of Ukraine, high inflation and central bank moves to raise interest rates. These factors have contributed to a record annual loss at SoftBank’s Vision Fund. Kentaro …

Read More »