As fuel prices rise, the ability of last-mile delivery firms to either absorb those costs or pass them along to customers could be key to their survival.
DoorDash’s midyear report on delivery trends found a $2,900 order for perfumes and comfort food and grooming supplies seeing large order growth through the first six months of 2021.
Conflicting surveys continue to cloud the picture on the best approach to employment status for gig workers, leaving legislators, companies and drivers in a state of uncertainty.
CtW Investment Group is asking DoorDash shareholders to vote against the reelection of co-founder Tony Xu to the board of directors, saying more oversight is needed.
In an investment note this week, Mizuho Securities USA indicated it believes the Biden administration is more likely to issue guidance on gig worker classification rather than a formal rule.
Like the rest of the economy, gig economy companies are struggling to find drivers, and that could have a negative impact on the growth opportunity for the industry moving forward.
Investors sent DoorDash stock soaring on Friday after the company reported stronger-than-expected earnings in Q1 and raised its guidance for full-year 2021.
DoorDash reported a 198% increase in Q1 revenue compared to Q1 2020, and a 219% increase in orders, although it still posted a negative 34-cent EPS.
Rite Aid is adding same-day delivery of more than 24,000 items through DoorDash, joining competitors Walgreens and CVS in offering the service.
DoorDash has faced criticism over its pricing as communities rallied in support of local restaurants. The company is now rolling out new pricing plans to address these concerns.
