DoorDash to Wind Down Deliveroo and Wolt Operations in Four Countries
Key Terms
forward-looking statements regulatory
annual report on form 10-k regulatory
Exiting
The company will begin an orderly wind-down process in each country and will work closely with local teams and partners to support employees, merchants, consumers, riders, and couriers through the transition. These decisions follow a multi-month review of country-specific conditions and reflect DoorDash’s continued focus on investing where it sees the clearest path to sustainable scale and long-term leadership. DoorDash is also implementing limited operational changes in select locations, including investing in certain engineering roles in the
Miki Kuusi, Head of DoorDash International, CEO of Deliveroo, and Co-founder of Wolt, said: “We’ve made the difficult decision to wind down operations in
About DoorDash
DoorDash (NASDAQ: DASH) is one of the world's leading local commerce platforms that helps businesses of all kinds grow and innovate, connects consumers to the best of their neighborhoods, and gives people fast, flexible ways to earn. Since its founding in 2013, DoorDash has expanded to more than 40 countries, using technology and logistics to shape the future of local commerce and broaden access to opportunity. With a growing international presence that now includes Deliveroo and Wolt, DoorDash combines global scale with local expertise to serve communities around the world.
Forward-Looking Statements
This communication contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements generally relate to future events, and such statements in this communication include, but are not limited to, expectations regarding the impact of the announced country exits and DoorDash’s limited operational changes; and expectations regarding DoorDash’s financial position and financial and operating performance, including its financial outlook and guidance. Expectations and beliefs regarding these matters may not materialize, and actual results in future periods are subject to risks and uncertainties that could cause actual results to differ materially from those projected. For information on potential risks and uncertainties that could cause actual results to differ from any results predicted, please see DoorDash’s most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission.
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Source: DoorDash