DoorDash Inc (DASH)

DoorDash Inc (DASH)

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DoorDash Inc (DASH) Profile

DoorDash, Inc. is an online meal ordering and delivery platform based in the United States. Headquartered in San Francisco, California, United States.It is the largest food delivery firm in the United States, with a 56 per cent market share. In the United States, Doordashes services are provided in 7,000 communities throughout 50 states. Melbourne, Australia and Canada.

DoorDash has a market cap of 45.377B USD. Number of Employees 6000 + (2021). Total assets US$6.353 billion (2020).

DoorDash Inc (DASH.xnys) News: As everyone in the food delivery industry expected, DoorDash (NYSE:DASH) was ready to acquire an international food delivery platform - probably from Europe. And it finally occurred! DoorDash made public its intention to buy Wolt for $8.1 billion in stock for equity. Door Dash’s stock rose by 15% on the news, adding $10 billion to the company's market valuation.

Inc. DoorDash (DASH.xnys) Analysis: Wolt is a Finnish startup developing a platform similar to DoorDash. DoorDash gains a foothold in various "emerging" food delivery markets by acquiring a platform similar to its own. Nonetheless, the acquisition may be a hint that DoorDash's management believes their stock is overvalued and/or that the US growth rate may decelerate dramatically in the future.

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