DoorDash reported a 36% year-over-year revenue increase to $4.45 billion in Q2, surpassing expectations. The company saw a 23% rise in organic marketplace Gross Order Value excluding Deliveroo, alongside a 40% increase in adjusted EBITDA to $914 million, improving margins to 20.5% of revenue. Despite a premium valuation, DoorDash continues to expand its market presence and DashPass subscriber base, making it a top pick for growth at a reasonable price amid volatile markets. The company's financial flexibility and consistent bookings growth position it well for future opportunities.
Walmart is launching delivery of Dunkin' products from its stores and plans to expand to most Dunkin' locations nationwide, competing directly with food delivery services like Uber Eats and DoorDash. This move builds on Walmart's existing Subway deli...
Uber announced plans to lay off about 3,300 employees, or 10% of its workforce, marking its largest job cuts since the COVID-19 pandemic. The layoffs aim to simplify management layers and improve decision-making as Uber faces growing competition from...
