Doordash Takes Huge Bite Out of Competition with Nearly 300% Increase in Purchases, Say Emburse Expense Data

LOS ANGELES & PORTLAND, Maine–(BUSINESS WIRE)–To mark national Hamburger Month (celebrated each May) Emburse, a global leader in spend management solutions, analyzed transaction data from almost three million meal purchases to discover which food and restaurant brands corporate America’s employees visit the most. The results can be found in the latest SpendSmart report. “The huge increase in both …

3 Red Flags in DoorDash’s Q1 Report

Food delivery company DoorDash (DASH 5.49%) released its latest quarterly results on May 5. The good news was the business continued to generate strong growth with revenue rising 35% year over year to $1.46 billion. The company is incentivizing its Dashers less A key metric DoorDash reports is “gross order value” (GOV) on its marketplace, which represents the total …

DoorDash’s sales soar in Q1 but its costs also grow

DoorDash sales soared in the first quarter as it added new customers, putting to rest any question of whether delivery demand will continue as the pandemic wanes. The San Francisco company said its revenue jumped 35% to $1.46 billion in the January-March period. That was well ahead of Wall Street’s forecast of $1.38 billion, according …

DoorDash Kitchens Expands to Downtown Brooklyn

Nearly three years after opening its first eponymous ghost kitchen in Redwood City, California, DoorDash opened its latest DoorDash Kitchens facility in downtown Brooklyn with a mix of local, regional and national restaurants.  This new East Coast location is clear evidence DoorDash is scaling up its shared-kitchen offering that allows restaurants to outsource all operations, including cooking, …

DoorDash: Ignore The Lack Of Meaningful Operating Leverage At Your Own Peril

Summary DoorDash is an interesting company which has grown at a breath-taking speed and built an impressive two-sided platform. The biggest problem we see with DoorDash is lack of operating leverage and the fact that there is no clear path to profitability at the moment. In addition, there is the issue of decelerating revenue growth …

DoorDash Should Buy Lyft to Compete With Uber: Analyst

DoorDash DASH +3.11%  declined to comment, and Lyft couldn’t be reached immediately for comment. He believes that only being a ride-hailing service is a disadvantage for Lyft relative to Uber Technologies UBER –4.65%  (UBER) which has multiple businesses such as Uber Eats. DoorDash plus Lyft essentially creates a mini-Uber. Uber’s market capitalization is about $53 billon. DoorDash’s market cap is about $26 billion and …

DoorDash plans major slowdown in new hiring after pandemic boom wanes

DoorDash CEO tells staff the company plans a major slowdown in headcount growth as it focuses on controlling costs Insider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know. said the company plans to grow headcount by only 10-15% this coming year, according to a person who attended the …

Will DoorDash Move Into Cannabis Delivery?

MacRumors writer Steve Moser tweeted on Monday that DoorDash, the popular food delivery company, was considering cannabis delivery. “DoorDash is working on cannabis delivery (after verifying a customer’s age). $DASH,” Moser posted on Twitter. “DoorDash changed this image again today. Also, the attached image shows some of the cannabis-related text in DoorDash’s app which indicates DoorDash is working on cannabis pickup… …

Decacorn Brex expands into financial services, lands DoorDash as a new customer

In the biggest change to the company since launching in 2018, Brex has introduced a new software platform. Best known for its corporate credit card, the decacorn is now launching Brex Empower in a move into financial services. The strategic shift of the company comes with the new software platform that it says will “help fast-growing companies move even …

DoorDash launches DashPass for Students

Dive Brief: DoorDash launched DashPass for Students, a membership plan for college students for $4.99 a month, which is half of the cost of a standard DashPass membership, the company announced on Monday. Annual memberships are also available for $48.  DashPass for Students is available to all undergraduate and graduate students at accredited colleges and universities …