BusinessPhoto: HT BusinessDoorDash Faces Investor Doubts Amid Amazon Competition
DoorDash recently announced a $17 billion deal to acquire Instacart, aiming to capture a 19% share of the U.S. online grocery market. Amazon and Walmart lead with 40% and 27% shares respectively. Despite initial share dips, DoorDash's stock rallied post-announcement but fell 9.4% after news of an Amazon-Uber Eats partnership offering free delivery to Prime members. Investors remain skeptical about DoorDash's ability to compete with Amazon.
HT Business·



