DoorDash shares drop as new investment plan unnerves investors

Share via:



DoorDash shares dropped nearly 9% in premarket trading on Thursday as the company’s aggressive plan to invest several hundred million dollars more in 2026 in the face of cost pressures unnerved investors.

The San Francisco-based company also missed Wall Street estimates for third-quarter profit due to rising expenses.

DoorDash has ramped up investments on partnerships – including with Domino’s Pizza, retailer Kroger and robotics firm Serve Robotics – as it broadens its last-mile delivery offerings to reach a wider customer base.

J.P.Morgan analysts said…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

DoorDash shares drop as new investment plan unnerves investors



DoorDash shares dropped nearly 9% in premarket trading on Thursday as the company’s aggressive plan to invest several hundred million dollars more in 2026 in the face of cost pressures unnerved investors.

The San Francisco-based company also missed Wall Street estimates for third-quarter profit due to rising expenses.

DoorDash has ramped up investments on partnerships – including with Domino’s Pizza, retailer Kroger and robotics firm Serve Robotics – as it broadens its last-mile delivery offerings to reach a wider customer base.

J.P.Morgan analysts said…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

BRIO LAUNCHES AGRI-PRODUCE BRAND VEXOTICS

Brio Group, Gujarat’s largest Hydroponics farming company, today announced...

Luxembourg Launches Its First Cybersecurity Accelerator To Help Startups...

The 2025 global cost of cyber attacks was...

Popular