Page 10 - Bloomberg Second News Today

By Sara Ashley OBrien, CNN Business Like many new pandemic pet owners, Nia Morgan knew her puppy, Zorro, had grown very attached to her due to all the time she spent at home with him. So she was understandably hesitant about leaving him for the first time with a sitter shed hired through Rover, a popular platform for booking dog and cat sitters. Morgan took what she thought were adequate steps to ensure her timid then-9-month-old poodle mix would be in good hands during an upcoming ...

Instacart is bringing on a Facebook veteran as its new CEO. Fidji Simo, who leads Facebook’s main app and has worked at the social media giant for 10 years, will lead the grocery delivery company as it reportedly looks to go public. Apoorva Mehta, Instacart’s founder and CEO, will become the company’s executive chairman, according to an Instacart blog post. In her current role, Simo manages the team supporting the social network’s core features including the news feed, stories, gaming...

DoorDash Makes Asia Entrance With Expansion Into Japan Jun 09 2021, 3:13 PM June 09 2021, 9:30 AM June 09 2021, 3:13 PM (Bloomberg) -- DoorDash Inc. is bringing its on-demand delivery service to Japan, marking the San Francisco-based company’s first expansion into Asia in a bid to boost its international footprint. (Bloomberg) -- DoorDash Inc. is bringing its on-demand delivery service to Japan, marking the San Francisco-based company’s first expansion into Asia in a bid to boost its ...

DoorDash beats sales estimates on resilient food-delivery Jackie Davalos, Bloomberg News DoorDash Inc. reported first-quarter revenue that beat analysts’ estimates, reflecting the sustained demand in food delivery even as restaurants begin to reopen and more people get vaccinated. The shares jumped about 7 per cent in extended trading. Sales increased 198 per cent in the three months ended March 31, the company said in a statement Thursday. Revenue totaled US$1.1 billion, surpassing Wall S...

Sales increased 198% in the three months ended March 31, the company said in a statement Thursday. Revenue totaled $1.1 billion, surpassing Wall Street’s expectations. That growth came at a cost, however. A net loss of $110 million, or 30 cents a share, was wider than an average of analysts’ estimates compiled by Bloomberg. The San Francisco-based company benefited from the pandemic-induced boom in food delivery when indoor dining shuttered and people stayed home. DoorDash expanded its mark...

DoorDash Goes on European Deal Hunt Just Months After IPO Bloomberg 6 hrs ago © Photographer: David Paul Morris/Bloomberg tech_wfh_03.jpg (Bloomberg) -- DoorDash Inc., the largest food-delivery company in the U.S., is seeking acquisitions in Europe, adding another well-capitalized competitor to an already crowded market. Popular Searches The company has made inquiries about potential food delivery targets in Europe, according to people familiar with the matter, who asked not to be named di...