DoorDash sees high demand despite economic worries and grows by buying big companies.
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DoorDash said people still want deliveries. This is true even if they are worried about the economy. The company's boss, Tony Xu, said food is doing well.
DoorDash had more orders than ever before. Many people are using them to get groceries. They also have more restaurants and are in more places.
People who pay a monthly fee for DashPass feel it's cheaper. About 22 million people use these services. DoorDash is buying Deliveroo to grow in Europe and Asia.
DoorDash is also buying SevenRooms to help stores sell more. This will help stores with their customers. These deals are big for DoorDash, like when they bought Wolt before.
Some people are worried if DoorDash can make money with Deliveroo. The company thinks being bigger will help. DoorDash made more money than last year but not as much as some people thought.
Questions
What did DoorDash say about deliveries?
DoorDash said people still want deliveries even if they are worried about the economy.
How many people use DashPass?
About 22 million people use DashPass.
What is DoorDash buying to grow in Europe and Asia?
DoorDash is buying Deliveroo to grow in Europe and Asia.
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