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DoorDash, Inc. is an American company operating online food ordering and food delivery. It trades under the symbol DASH. [ 4 ] With a 56% market share , DoorDash is the largest food delivery platform in the United States.
The app had to pay $2.5m in a lawsuit in 2019 surrounding the tips and ditched the policy after an onslaught of social media criticism was directed towards the app and the company’s CEO, Tony Xu.
DoorDash's initial public offering in 2020, which Xu has been credited for leading, [12] made him a billionaire at the age of 36. [1] [7] He has voting authority over all Class B shares, giving him control of DoorDash with 69 percent of the voting interest, as of December 2020. [13] [14] In 2020, Xu was included in Fortune 's "40 Under 40" list ...
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In April 2020, a group of New Yorkers sued Uber Eats along with DoorDash, Grubhub and Postmates, accusing them of using their market power monopolistically by only listing restaurants on their apps if the restaurant owners signed contracts which include clauses that require prices be the same for dine-in customers as for customers receiving delivery.
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Flink has raised around 750 million US dollars in financing rounds, including from the investor group around DoorDash and from REWE. Flink's first round in February 2021 was led by Cherry Ventures, Northzone, and Target Global. [5] By the end of 2021, Flink was valued at US$2.1 billion. [6]