|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||50.68 - 53.89|
|52 Week Range||50.68 - 102.50|
|Beta (5Y Monthly)||0.29|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
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The two companies have different approaches but are still generating net losses.
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.
Food delivery company Just Eat Takeaway.com has no plans to sell its U.S. subsidiary Grubhub, the company's chief executive said on Wednesday, but it is actively looking for strategic partnerships for the business. Takeaway bought Grubhub for $7.3 billion in June, but has since faced calls from investors to sell it due to competitive pressures in both the U.S. and at its core European operations. "Anything that strengthens the business, we'll look at it," CEO Jitse Groen said, including partnerships with logistics companies or major U.S. grocery chains.