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Is DoorDash Making a Mistake Expanding Into Europe?

·5 min read
Is DoorDash Making a Mistake Expanding Into Europe?

In a bold expansion move, food and retail delivery company DoorDash (NYSE: DASH) announced its acquisition of Finnish delivery company Wolt Enterprises on Nov. 9. The American company is shelling out $8.1 billion in stock to obtain a significant foothold in Europe and Japan. The stock market responded jubilantly, sending DoorDash's share price soaring about 30% by Nov. 15.