The top U.S. food-delivery apps have a lot of work to do before they stop burning through cash, but most of them still see fit to burn more by trying to develop tech that one day might remove their top “cost”—human drivers—from the equation. For DoorDash, that means hiring people who might help it develop or deploy food delivery vehicles. To that end, it acquired Scotty Labs, which spun out of...
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DoorDash Should Buy Instacart Now
Instacart’s stock price performance so far brings to mind a variation on the old line about love: Is it better to have gone public and lost, or never to have gone public at all? The shares fell 9% on Monday to $26.96, 10% below its IPO price, following our scoop that the Wall Street analysts at the banks underwriting the offering are projecting a severe slowdown in Instacart’s growth in the...
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