business / news / / The Economic Times
Doordash shares jumped 11% in premarket trading on Thursday.
Doordash attracted a record number of new U.S. grocery customers in Q1 2024.
KEY POINTS
- Doordash's gas relief program will cost over $50 million in the current quarter.
- DashPass membership saw increased sign-ups and offers $0 delivery fees on groceries.
- Doordash's forward P/E ratio is 52.54, markedly higher than Instacart's 15.37 and Uber's 22.05.
COMPANIES
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