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The Latest Breaking News from DoorDash Inc

Instacart Cuts Valuation By 40%: Bloomberg

American grocery company Instacart Inc has slashed its valuation by 40% to about $24 billion, Bloomberg reported. The food-delivery startup had been valued at $39 billion in its most recent fundraising round, the report added. The pandemic darling hoped the move to boost talent retention. Factors like higher interest rates, inflation, and a…

Amazon Gig Deliveryman Gets Shot Multiple Times, Raises Questions Over Amazon's Policies

Amazon Gig Deliveryman Gets Shot Multiple Times, Raises Questions Over Amazon's Policies

A carjacker shot an Amazon.com Inc (NASDAQ:AMZN) gig deliveryman, multiple times injuring him while delivering packages in Chicago, Bloomberg reports. The victim, George Hunt, insisted Amazon notify the gig drivers in advance about the vicinities they will be delivering to decide if $30 an hour is worth the risk. Amazon instead penalizes drivers…

Here's How Amazon Looks To Cope Up With Booming Demand For Delivery

Here's How Amazon Looks To Cope Up With Booming Demand For Delivery

In late February, Amazon.com Inc (NASDAQ:AMZN) informed its U.S. gig workers who fetch delivery items would become its Whole Foods division's employees with more extended shifts, CNBC reports. Whole Foods' recent job post disclosed that the schedules would be made three weeks in advance and cover two-week periods. The job post contradicted Amazon…

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Uber Et al Campaign Against Democrat's Efforts To Classify Gig Workers As Employees

A string of companies using independent contractors as drivers launched a campaign to head off Democratic efforts to classify their workers as employees, allowing them to form unions, the Wall Street Journal reports. The companies include Uber Technologies Inc (NYSE:UBER), Lyft Inc (NASDAQ:LYFT), DoorDash Inc (NYSE:DASH), GrubHub Inc (NASDAQ:GRUB), and others. The companies aim to spend over $1 million…

DoorDash Unveils Express Grocery Delivery Service With Albertsons Companies

DoorDash Inc (NYSE:DASH) has partnered with Albertsons Companies Inc (NYSE:ACI) to launch an express grocery delivery service. Consumers in more than 20 major cities across the U.S. will now be able to access express grocery delivery from their local Albertsons Cos. banner stores in 30 minutes or less via the DoorDash marketplace. Related: Why DoorDash Shares…

Why DoorDash Shares Are Trading Higher Today

DoorDash Inc (NYSE: DASH) is trading significantly higher Thursday morning after the company announced better-than-expected top line results.

Technical Analysis: DoorDash Reports Earnings — Here's What To Watch

DoorDash Inc (NYSE: DASH) shares traded lower Wednesday in anticipation of the company’s earnings call, but the stock surged after the print.

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DoorDash Q4 Earnings Highlights: Revenue Up 34%, 25M MAUs, Stock Surges

DoorDash Q4 Earnings Highlights: Revenue Up 34%, 25M MAUs, Stock Surges

DoorDash Inc (NASDAQ: DASH) reported fourth quarter and full fiscal year earnings after market close Wednesday. Here are the key highlights for investors.

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