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Search resuls for: "DoorDash’s"


10 mentions found


☆ To Become a World-Class Chipmaker, America Might Need Help - The New York Times
  + stars: | 2023-11-17 | by ( Peter Coy | ) www.nytimes.com   time to read: +2 min
I’m going to decline a $2.25 order in almost every instance. L.A. SchwartzUnion, Ky.You quoted the great economist Frank Knight. Here is a story about Frank Knight and George Stigler you might find interesting. In 1962 I was a research assistant to George Stigler at the University of Chicago. I now have a copy of ‘The Wealth of Nations’ that I can prove was read by Frank Knight.”
Persons: Adam Ozimek, ”, I’m, L.A, Frank Knight, George Stigler, Adam Smith’s “, ” Knight, Stigler, Knight, George, “ Organizations: Economic Innovation, Schwartz Union, University of Chicago, Nations Locations: United States, Ky
☆ DoorDash is offering hourly pay to fix a problem with food orders
  + stars: | 2023-06-28 | by ( Danielle Wiener-Bronner | ) edition.cnn.com   time to read: +3 min
DoorDash will begin offering its delivery drivers hourly pay, the company said Wednesday, to help make sure workers have a better sense of how much they’ll earn per shift. Previously, delivery workers were paid per delivery offer, an option which remains available. The hourly rate is calculated to be comparable to what workers would earn per delivery, the company noted. DoorDash is changing how delivery drivers get paid. New York City recently announced a new minimum pay-rate for app food delivery workers.
Persons: DoorDash, Smith, they’re, Cody Aughney, DoorDash’s, ”, “, it’s, ” Austin Haugen, Ramishah Maruf Organizations: New, New York CNN, New York, Logistics, Dasher, DoorDash Locations: New York, New, New York City
☆ How DoorDash Uses Analytics and Forecasting Amid Economic Uncertainty
  + stars: | 2023-03-06 | by ( Mark Maurer | ) www.wsj.com   time to read: +7 min
Jessica Lachs, vice president of analytics and data science at DoorDash Inc. Photo: DoorDash Inc.WSJ’s CFO Journal talked to Ms. Lachs, who reports to Mr. Inukonda, about how analytics support DoorDash’s financial operations, particularly at a time of high economic uncertainty. A cool thing that we did that empowers our CFO to make good decisions is by building out what we call the DoorDash item price index. We have our own internal price index that tracks and measures changes in the average item price on the platform weekly. Ms. Lachs: The experimentation the analytics team has done to help grow our grocery business is timely. The analytics team found that ensuring an item is in stock and available on the DoorDash platform is more important for consumer retention than providing a good substitution.
☆ Instacart could do worse than incinerating $32 bln
  + stars: | 2023-03-01 | by ( Jennifer Saba | ) www.reuters.com   time to read: +3 min
Based on peers, it could have incinerated $32 billion of value in the past two years. That might be painful, but failure to accept that new price tag could lead to a worse outcome. The pandemic accelerated growth for companies like Instacart, as people opted for food delivery services to avoid crowded stores and restaurants. Two years ago, Instacart was worth some $39 billion. The grocery delivery company had positive net income and generated more than $100 million in adjusted EBITDA in the fourth quarter, the article said.
☆ DoorDash Sales Rose Last Quarter as Consumers Continued to Order Delivery
  + stars: | 2023-02-16 | by ( Sarah E. Needleman | ) www.wsj.com   time to read: 1 min
DoorDash said its revenue was lifted by strong consumer demand, in part because of improved delivery speeds. DoorDash Inc.’s revenue rose last quarter, as consumers spent more on deliveries of food and household essentials even as prices rose and more restaurants reopened. DoorDash’s revenue in the three months through December grew 40% to $1.8 billion from a year earlier. Analysts surveyed by FactSet had predicted revenue of $1.77 billion.
☆ DoorDash to lay off 1,250 corporate employees
  + stars: | 2022-11-30 | by ( Catherine Thorbecke | ) edition.cnn.com   time to read: +1 min
CNN —DoorDash on Wednesday said it will lay off about 1,250 corporate employees after growing its team too quickly during the pandemic, making it the latest tech company to cut staff in recent weeks. Like other tech companies, DoorDash experienced a pandemic boom as more consumers embraced online deliveries and shied away from stores and restaurants amid the health crisis. In his memo, Xu nodded to the shifting economic climate. “We too are not immune to the external challenges and growth has tapered vs our pandemic growth rates,” he wrote. Shares of DoorDash are down more than 60% so far this year.
☆ Don’t Skip DoorDash’s Side Dishes
  + stars: | 2022-11-19 | by ( Laura Forman | ) www.wsj.com   time to read: 1 min
After a sour year during which DoorDash lost nearly three-quarters of its market value, shares of the delivery platform are up a sweet 28% over the past month. That might not just be because investors are suddenly hungry for on-demand takeout again. With restaurant delivery slowing, DoorDash is getting credit for the groceries and convenience items it delivers on the side—services that are sinking some more pure-play competitors. The grocery deliverer Instacart has cut its own valuation by two-thirds since early last year, down to around $13 billion from $39 billion, according to the Information, a news publication. Last month The Wall Street Journal reported that Instacart likely shelved its plans for an initial public offering until next year, suggesting that the current market might value the company much lower even after its most recent internal cut.
☆ DoorDash Shares Surge on Stronger-Than-Expected Earnings
  + stars: | 2022-11-03 | by ( Preetika Rana | ) www.wsj.com   time to read: 1 min
DoorDash said its core U.S. restaurants business was profitable on an adjusted basis. DoorDash Inc. shares surged Thursday after it unveiled stronger-than-expected results for last quarter, saying consumers continue to spend more on delivery of food and household essentials even as restaurants have reopened and raised prices. DoorDash’s revenue in the three months through September grew 33% to $1.7 billion from a year earlier. That beat the average revenue estimate of $1.62 billion from analysts polled by FactSet.
☆ Chase Freedom Flex vs. Chase Freedom Unlimited
  + stars: | 2022-02-23 | by ( Jennifer Yellin | ) edition.cnn.com   time to read: +14 min
Chase Freedom credit cardsOn the surface, the Chase Freedom Flex and the Chase Freedom Unlimited actually look quite similar. So when it comes to those three categories, the Chase Freedom Unlimited and the Chase Freedom Flex are completely identical. Chase Freedom sign-up bonusesUsually the Chase Freedom Flex and Chase Freedom Unlimited offer the exact same sign-up bonus, but right now, they differ. Chase Freedom card benefitsAlthough these two Freedom cards are both issued by Chase, they run on different card networks — the Chase Freedom Unlimited is a Visa, while the Chase Freedom Flex is a Mastercard. You’ll also have access to purchase protection when you use your Chase Freedom Flex or Chase Freedom Unlimited to make purchases.
☆ How to combine multiple Citi credit cards for ultimate travel rewards
  + stars: | 2021-09-22 | by ( Jennifer Yellin | ) edition.cnn.com   time to read: +15 min
Then, we also want to add the Citi Double Cash Card, the Citi Custom Cash Card and the Citi Rewards+ Card to complete the group. Citi Premier Card: The key to transfersUse the Citi Premier card to transfer your ThankYou points to Citi's airline partners for the best redemptions. And when you combine the Citi Rewards+ with other Citi ThankYou credit cards, this rebate includes all points redeemed from your combined ThankYou account. There’s one caveat to those looking to apply for the Citi Rewards+ card at the same time as the Citi Premier. Citi only allows you to apply for one Citi card every eight days, and a maximum of two Citi cards every 65 days.
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