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    DoorDash Inc (DASH)

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    Business Description

    DoorDash, Inc. is a company dedicated to enhancing local economies by providing logistics, technology, and services that facilitate local commerce. The company operates the DoorDash and Wolt Marketplaces, which connect merchants with consumers and Dashers, offering a platform for ordering and delivering goods. DoorDash's offerings include membership programs, delivery services, and digital solutions for merchants.

    1. Marketplaces - Operates the DoorDash and Wolt Marketplaces, enabling merchants to reach consumers through online platforms. Includes services such as customer acquisition, demand generation, order fulfillment, and advertising .
      • Membership Programs - Offers DashPass and Wolt+ memberships to reduce delivery and service fees, enhancing affordability for consumers .
    2. Platform Services - Provides tools like DoorDash Drive and Wolt Drive for merchants to fulfill delivery demands through their own channels using DoorDash's infrastructure .
      • DoorDash Storefront - Allows merchants to create branded online ordering experiences, facilitating e-commerce without needing in-house logistics .
      • Bbot - Offers digital ordering and payment solutions for both in-store and online merchant channels .

    Key Metrics

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    Executive Team

    NamePositionStart DateShort Bio
    Tony XuChief Executive Officer, Co-Founder, Chairperson, and DirectorN/ATony Xu is the Chief Executive Officer, Co-Founder, Chairperson, and Director of DoorDash, Inc. As of April 24, 2024, he is 39 years old. He holds significant voting power in the company due to the multi-class structure of DoorDash's common stock .
    Ravi InukondaChief Financial OfficerMarch 2023Ravi Inukonda joined DoorDash in November 2018 as Vice President of Finance and Strategy. He has served as the Chief Financial Officer since March 2023. Previously, he was the Head of Finance for Uber Eats and worked at Accel-KKR and Goldman Sachs .
    Prabir AdarkarChief Operating Officer and PresidentMarch 2023Prabir Adarkar has served as the Chief Operating Officer and President of DoorDash since March 2023. He was previously the Chief Financial Officer from August 2018 and worked at Uber Technologies, Inc. and The Goldman Sachs Group, Inc. .
    Keith YandellChief Business OfficerJanuary 2022Keith Yandell joined DoorDash in April 2016 as General Counsel and served as Chief Business and Legal Officer and Secretary from October 2018 through December 2021. He has been the Chief Business Officer since January 2022. He previously worked at Uber Technologies, Inc. and Allen Matkins Leck Gamble Mallory & Natsis LLP .
    Tia SherringhamGeneral Counsel and SecretaryJanuary 2022Tia Sherringham joined DoorDash in January 2017 as Assistant General Counsel and became Vice President, Head of Legal in August 2018. She has been the General Counsel and Secretary since January 2022. She previously worked at Instacart and Keker, Van Nest & Peters LLP .
    Jeffrey BlackburnBoard MemberMay 6, 2024Jeffrey Blackburn was elected to the Board of Directors of DoorDash, Inc. on April 18, 2024, with his term beginning on May 6, 2024. He has held various positions at Amazon.com, Inc. and was a general partner at Bessemer Venture Partners. He holds an A.B. in Economics from Dartmouth College and an M.B.A. from Stanford .

    Questions to Ask Management

    1. Given the fierce competition in the grocery delivery sector, including from first-party delivery services and other marketplaces, what specific strategies are you implementing to differentiate DoorDash and secure a leading position in this market segment?

    2. As you expand internationally, are you observing the same improvements in contribution margins and customer cohorts as you did in the U.S., or are there structural differences in these markets that affect your profitability trajectory?

    3. Despite some European peers achieving profitability in quick commerce, what challenges are you facing in making DashMart profitable in North America, and how do market differences influence your strategy?

    4. With your recent acquisition of TAS in Europe, can you discuss your criteria for M&A targets and how this acquisition aligns with your strategic goals, particularly regarding accelerated growth versus organic expansion?

    5. Aiming for grocery price parity with in-store prices, what challenges do you face in reaching this goal, and how might this impact your profit margins and competitive positioning in the grocery delivery market?

    Share Repurchase Program

    Program DetailsProgram 1
    Approval DateFebruary 2024
    End Date/DurationNot specified
    Total Additional Amount$1.1 billion
    Remaining Amount$876 million (as of 2024-09-30)
    DetailsPurpose: Enhance long-term stockholder value. Execution methods include open market purchases, block transactions, or privately negotiated transactions. The program may be suspended at any time.