All articles tagged with #tony xu
Originally Published 4 months ago — by Fortune
DoorDash CEO Tony Xu acknowledges the challenges in developing autonomous delivery technology, describing the journey as filled with 'pain and suffering,' but notes the company is beginning to see early commercial progress, including testing drone and robot deliveries in various locations, with no specific rollout timeline yet.
Originally Published 2 years ago — by CNBC
DoorDash CEO Tony Xu discussed the company's earnings, revealing that its second-quarter revenue of $2.13 billion surpassed Wall Street estimates. Despite significant losses during the pandemic when DoorDash cut commissions for struggling local restaurants, Xu emphasized the company's focus on long-term growth and building the largest business in the industry. DoorDash's net loss narrowed to $172 million in Q2 compared to $263 million the previous year.