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In November 2020, DoorDash announced the opening of its first physical restaurant location, partnering up with Bay Area restaurant Burma Bites to offer delivery and pick-up orders. On December 9, 2020, the company became a public company via an initial public offering, raising $3.37 billion.
Online food ordering is the process of ordering food, for delivery or pickup, from a website or other application. The product can be either ready-to-eat food (e.g., direct from a home-kitchen, restaurant, or a virtual restaurant) or food that has not been specially prepared for direct consumption (e.g., vegetables direct from a farm/garden, fruits, frozen meats. etc).
In April 2020, a group of New Yorkers sued Uber Eats along with DoorDash, Grubhub and Postmates, accusing them of using their market power monopolistically by only listing restaurants on their apps if the restaurant owners signed contracts which include clauses that require prices be the same for dine-in customers as for customers receiving delivery.
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The deal's reported value would make it the third-biggest US acquisition in restaurant history, behind Burger King's 2014 acquisition of Tim Hortons for $11.4 billion and Inspire Brands' purchase of Dunkin' Brands in 2020 for $11.3 billion. In November 2023, the Federal Trade Commission announced it was looking into investigating the deal as it ...
Tony Xu (born Xu Xun, 1983/1984) [1] is a Chinese-American billionaire businessman and the co-founder and chief executive officer (CEO) of DoorDash. Born in Nanjing, China, Xu immigrated to the United States with his parents at the age of four. He earned degrees from the University of California, Berkeley and Stanford University 's Graduate ...
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