4 days ago
DoorDash Inc. (NYSE:DASH) shares are up during Wednesday’s premarket session as the company announced a strategic shift in its international operations. The move aligns with broader market trends, with major indices like the Russell 2000 and S&P 500 also showing gains.
DoorDash Exits Four Markets; Refocuses Strategy
DoorDash is winding down its Deliveroo and Wolt operations in Qatar, Singapore, Japan, and Uzbekistan following a multi-month review, with orderly exits planned for affected markets and select operational adjustments elsewhere, including U.K. engineering investments, without impacting its financial outlook.
Miki Kuusi, Head of DoorDash International, CEO of Deliveroo, and Co-founder of Wolt, stated: “We’ve made the difficult decision to wind down operations in Qatar, Singapore, Japan, and Uzbekistan. Our priority is supporting our teams and partners through an orderly transition as we focus on the geographies where we can offer the best products and build for long-term success.”
Cathie Wood Buys $5.4M in DASH; Citrini Warns
Recent reporting highlights a significant endorsement for DoorDash, as Cathie Wood of Ark Invest has emerged as a big believer ...
