DoorDash, Inc. (DASH)

DoorDash, Inc., incorporated in Delaware in 2013 (originally as Palo Alto Delivery Inc.) and headquartered in San Francisco, operates local commerce platforms designed to connect merchants, consumers, and independent contractor delivery workers ("Dashers"). Its core offerings include the DoorDash Marketplace and Wolt Marketplace, which together operate in over 30 countries and generate the majority of company revenue, along with a Commerce Platform that includes white-label delivery fulfillment services (DoorDash Drive and Wolt Drive) and tools for online ordering, branded apps, and customer support. The company earns transaction-based fees from merchants and consumers, and also generates revenue through advertising services and membership programs (DashPass and Wolt+), which reduce delivery and service fees for subscribers; as of December 2024, the Marketplaces served over 42 million monthly active users and had more than 22 million membership subscribers.

Dashers, who operate as independent contractors, are paid based on time worked or tasks completed, with pay influenced by factors like distance and task desirability; in 2024, 8 million people dashed and earned over $18 billion collectively. The company competes in the highly fragmented and competitive local delivery logistics space against companies such as Uber Eats, Just Eat Takeaway, and Delivery Hero, as well as merchants' own delivery and ordering systems and traditional offline ordering channels. As of December 31, 2024, DoorDash had over 23,700 employees worldwide, along with a substantial intellectual property portfolio including 244 issued U.S. patents and 56 registered U.S. trademarks.

The company is subject to extensive regulation across areas including worker classification, labor law, consumer protection, data privacy, and food/alcohol safety in the jurisdictions where it operates. DoorDash's Class A common stock trades on the Nasdaq under the ticker "DASH."