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DoorDash Launch Its IPO, Price Offer between $75 & $85 per share

30Nov By AdityaNo Comments

Market

DoorDash Launch Its IPO, Price Offer between $75 & $85 per share

SAN FRANCISCO, Nov. 30, 2020 -- DoorDash announced that it has launched the roadshow for the initial public offering of its Class A common stock. DoorDash is offering 33,000,000 shares of its Class A common stock. The initial public offering price is expected to be between $75 and $85 per share. The shares are expected to trade on the New York Stock Exchange under the symbol "DASH." DoorDash is a technology company that connects customers with their favorite local and national businesses in more than 4,000 cities and all 50 states across the United States, Canada, and Australia. Founded in 2013, DoorDash empowers merchants to grow their businesses by offering on-demand delivery, data-driven insights, and better in-store efficiency, providing delightful experiences from door to...

Uber, Lyft & Doordash Threatened to Spend $90M on California ballot fight

Uber, Lyft and DoorDash threatened to spend $90 million on a California ballot measure if they can't reach a deal with unions and lawmakers on legislation that would change the rights of their drivers and other so-called gig workers. "We remain focused on reaching a deal, and are confident about bringing this issue to the voters if necessary," Adrian Durbin, senior director of communications at Lyft, said in a statement. The companies' team-up comes as California lawmakers debate a bill that would make it harder to classify workers as independent contractors instead of employees. As employees, workers are entitled to more wage protections and benefits. But the ridesharing and on-demand delivery companies say labeling workers as such would upend their business model built around d...

San-Francisco based DoorDash Accused Against Customer Accounts Hacking

Food delivery startup DoorDash has received a number of complaints from customers who say their accounts have been hacked. A lot of people have tweeted at @DoorDash with their complaints stating that their accounts had been improperly accessed and had fraudulent food deliveries charged to their account. In several cases, the hackers changed their email addresses so that the user could not regain access to their account until they contacted customer services. However, many people said that they never got a response from DoorDash. “We do not have any information to suggest that DoorDash has suffered a data breach,” said spokesperson Becky Sosnov. “To the contrary, based on the information available to us, including internal investigations, we have determined that the fraudulent activity ...