Meet Axios’ New Owners: Old-Money Atlanta Billionaires Hungry for the Next Big ThingRead More

Briefing
E-commerce Markets

DoorDash’s Q2 Revenue Reaches $1.2B as Delivery Demand Holds

By Sylvia Varnham O'Regan
· · Source: The Information

DoorDash’s revenue increased 83% to $1.2 billion in the second quarter, showing it maintained growth even as in-person dining resumed. The company, which went public last year, reported that orders through the platform grew by 69% year over year to 345 million in the second quarter. The rate of revenue growth in Q2 was slower than recent quarters, when the pandemic turbocharged demand for...

Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
Latest Articles
 
My Life's Work AI
The Founder Who Got High on a Rooftop and Came Down With a Business
By Margaux MacColl · Aug. 13, 2022 6:00 AM PDT
Art by Clark Miller.
Watching the app you built hit the 10 million-download threshold would be a career high for most founders. But for Ben-Zion Benkhin, it’s just another day at the office. Within the last two years, Benkhin, 26, has launched two wildly popular artificial intelligence–based apps. The first was Wombo.ai, which uses AI to create highly shareable, delightfully weird deep fakes from a...
Latest Briefs
 
Peloton Announces Job Cuts, Store Closures and Price Hikes
By Malique Morris · Aug. 12, 2022
South Korea’s Mirae Asset Management Led $250 million SpaceX Investment
By Becky Peterson · Aug. 12, 2022
Founder of Crypto Exchange Houbi in Talks to Sell Stake for $1 Billion
By Shai Oster · Aug. 12, 2022
Stay in the know
Receive a summary of the day's top tech news—distilled into one email.
Access on the go
View stories on our mobile app and tune into our weekly podcast.
Join live video Q&A’s
Deep-dive into topics like startups and autonomous vehicles with our top reporters and other executives.
Enjoy a clutter-free experience
Read without any banner ads.
Art by Josh Brill
Exclusive Asia Startups
TikTok’s $4 Billion Advertising Machine Is Messy Behind the Scenes
By Sylvia Varnham O'Regan
Two years ago, social media sensation TikTok came up with a slogan to prod brands to be more authentic in their advertisements on the app: “Don’t Make Ads.
Viral Patel, global head of technology investing for Blackstone Credit. Art by Clark Miller.
Exclusive Venture Capital Startups
Blackstone Plans to Back Tech Startups in $2 Billion–Plus Lending Push
By Maria Heeter
Private equity giant Blackstone is gearing up to make its first major push into lending to startups and technology companies—joining a corner of the debt market that’s quickly heating up.
Photo by Alaska Air Group.
Facebook
For Meta’s Next CFO Susan Li, Metaverse Dreams Mean Real-World Challenges
By Sylvia Varnham O'Regan
When Meta Platforms reported its first-ever quarterly revenue decline last month, the Facebook parent company also made a key promotion with little fanfare: 36-year-old finance executive Susan Li would become chief financial officer in the fall, replacing longtime CFO Dave Wehner, who held the role for eight years and would transition to a strategy role.
Enterprise Power List Venture Capital Enterprise
Introducing The Information’s Enterprise Tech Power List
By Kevin McLaughlin, Aaron Holmes and Amir Efrati
The biggest battle in tech is happening where most consumers can’t see it: the cloud. And a new cast of executives and investors are increasingly calling the shots—making decisions about the future of the battle with trillions of dollars at stake.
Art by Clark Miller.
Venture Capital Startups
Venture Capital’s Limited Partners Warn of Fundraising Slowdown
By Kate Clark
The era of easy money could be over for venture capital firms. Although VC fundraising has so far matched last year’s brisk pace, limited partners—the people and institutions that invest in VC funds—say a slowdown is afoot.
Data Point Amazon Markets
Why Amazon Is Giving Employees Record Amounts of Stock, Even as It Trims Head Count
By Paris Martineau
At a moment when Amazon’s overall workforce is shrinking, the company is awarding stock to employees at a record-breaking clip to keep top talent from heading for the exits.