DoorDash said on Tuesday it was acquiring European food delivery service Wolt in an all-stock deal valued at $8.1 billion. The acquisition, set to close in the first half of next year, will help DoorDash expand internationally and build out its still-nascent grocery delivery business. Helsinki-based Wolt operates in 23 countries, including Japan and in Europe, and last year expanded to offer...
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Kickstarter’s Blockchain Plans Risk Challenge From DAOs; Congress’ Meta Concerns
Kickstarter’s planned transition to a blockchain-based platform next year further highlights the growing intersection of crypto and crowdfunding. The crowdfunding site plans to make the switch next year, according to Bloomberg. But that may not be soon enough to compete with blockchain-based groups called decentralized autonomous organizations, or DAOs, which are capturing VC interest and...
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