Latest news with #HarrisonShih
Yahoo
18-04-2025
- Business
- Yahoo
Is DoorDash, Inc. (DASH) the Least Risky Internet Stock To Invest In?
We recently published a list of . In this article, we are going to take a look at where DoorDash, Inc. (NASDAQ:DASH) stands against other least risky internet stocks to invest in. Investors usually do not waste any time reminding everyone of the dot-com bubble whenever the market takes a turn for the worse. With a recession imminent, some sectors have already corrected by so much that they are in bear market territory. Internet stocks belong to the same group. Analysts at Evercore believe most of the internet stocks have very limited exposure to tariffs but still get hammered every time the market crashes on tariff developments. This means these stocks now present a favorable risk-to-reward ratio for investors. We therefore decided to dig into the details of each of these internet stocks. To come up with our list of the 10 least risky internet stocks, we used the list compiled by Evercore's analysts and ranked them by risk, with the least risky stock taking the number one spot. A shot of a delivery driver zooming down a busy street, symbolizing the company's quick and efficient delivery services. DoorDash, Inc. is a commerce platform operator that connects consumers, merchants, and independent contractors. It operates Wolt Marketplace and DoorDash Marketplace. The company's marketplaces offer different services, including order fulfillment, customer support, payment processing, customer acquisition, merchandising, and demand generation. The firm announced an expansion of its existing partnership with Coco Robotics, a food delivery robotics company. With this collaboration, DASH will start offering sidewalk robot delivery in a limited U.S. cities. Senior Director of DoorDash Labs, Harrison Shih, mentioned: 'We believe the future of delivery will be multi-modal, and we're thrilled to partner with Coco to expand sidewalk robot deliveries that complement the Dasher network as we continue to enhance the DoorDash experience for customers and merchants.' A few days ago, the company also entered into another national collaboration with Giant Tiger Stores. Under this partnership, Giant Tiger Stores has launched on-demand delivery because it plans to speed up the product delivery process. This service will be available across Ontario, Quebec, Manitoba, Nova Scotia, Alberta, Prince Edward Island, New Brunswick, and Saskatchewan. As a result of this deal, the stock price surged 1.28%. DoorDash also entered into a partnership with Domino's Pizza at the start of this month. With the help of this collaboration, Domino's will expand its presence in the food delivery industry. It will allow customers to use DASH's marketplace app to order Domino's pizza. All these collaborations show that the company is actively looking for growth through business expansions. Overall, DASH ranks 4th on our list of least risky internet stocks to invest in. While we acknowledge the potential of DASH as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that has gone up since the beginning of 2025, while popular AI stocks have lost around 25%. If you are looking for an AI stock that is more promising than DASH but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
14-04-2025
- Business
- Yahoo
DoorDash launches robot delivery pilot project
You can find original article here Supermarketnews. Subscribe to our free daily Supermarketnews newsletter. DoorDash is expanding its robot delivery program with Santa Monica, Calfi.-based Coco Robotics in Chicago, Miami, and Los Angeles, the San Francisco-based last-mile delivery service announced on April 10. The new service is available for grocery and convenience orders but is currently limited to products available from DoorDash's DashMart fulfillment platform and stores, according to a DoorDash spokesperson. That includes DoorDash's most popular items such as bananas, chicken sandwiches, mac and cheese, and more, the DoorDash spokesperson said in an email to Supermarket News. 'Coco robots are assigned to orders based on a number of variables aimed at optimizing the customer experience, but the typical delivery distance is between one to two miles. Orders within this distance will have a higher likelihood of being assigned to a robot,' the DoorDash spokesperson said. DoorDash has already deployed the delivery bots in Helsinki, Finland, through its international arm, Wolt, and Coco has been making deliveries in Los Angeles—independently from DoorDash—since 2020. The last-mile delivery service said the bots, which travel on public sidewalks, have completed more than 100,000 deliveries. DoorDash said it is 'advancing last-mile logistics by building the most efficient, sustainable, and scalable multi-modal delivery platform.' 'Not every delivery needs a two-ton car just to deliver two chicken sandwiches,' said Senior Director of DoorDash Labs Harrison Shih in the press release. 'We believe the future of delivery will be multi-modal, and we're thrilled to partner with Coco to expand sidewalk robot deliveries that complement the Dasher network as we continue to enhance the DoorDash experience for customers and merchants.' DoorDash said it also plans to integrate drones into its delivery platform through its partnership with Wing, a drone delivery company owned by Google's parent company Alphabet. DoorDash launched a pilot program with Wing in Christiansburg, Va., in March 2024 to test food delivery from fast-food chain Wendy's. That program was an expansion of a delivery service DoorDash launched in 2022 in Queensland, Australia, which includes grocery delivery. Wing drones are already making deliveries in the Dallas-Fort Worth metro area through a partnership with Walmart. Walmart added the drone delivery function to its smartphone app in June, noting at the time that it has expanded drone delivery to 75% of the Dallas-Fort Worth population. The new tech innovations are via DoorDash Labs, which DoorDash said aims to 'ensure the most effective fulfillment method for every order while driving increased demand for local merchants and creating more earning opportunities for Dashers.'
Los Angeles Times
10-04-2025
- Automotive
- Los Angeles Times
DoorDash rolls out food delivery robots in Los Angeles
A robot on wheels could serve up your next meal thanks to a partnership between DoorDash and Coco Robotics that's bringing food delivery robots to Los Angeles sidewalks. The food delivery service DoorDash announced Thursday that eligible customers in Los Angeles and Chicago can order food through their app to be delivered by a small, box-shaped robot with zero emissions. Coco Robotics and similar companies such as Serve Robotics and Starship Technologies have been operating food delivery robots in Los Angeles and other cities for several years. DoorDash's international arm Wolt began a partnership with Coco in Helsinki, Finland this year. 'We're excited to expand our partnership with DoorDash, combining Coco's AI robocourier platform with DoorDash's national scale and reach,' Coco Chief Executive Zach Rash said in a statement. 'This collaboration marks an important step forward in reshaping urban delivery in the U.S.' Coco has a fleet of more than 1,000 delivery robots that are remotely controlled by human operators. The company is headquartered in Santa Monica and was founded in 2020 by two UCLA graduates. Despite the challenges of navigating busy city sidewalks and crosswalks already shared by pedestrians, Coco robots have completed more than 400,000 deliveries and partnered with hundreds of restaurants. Using delivery robots instead of human drivers can save restaurants up to 50% in profits, according to Coco's website. Frustrated or skeptical passersby have kicked the bots or intentionally obstructed their path, while the cities of New York and San Francisco have banned them, on and off, because of congestion concerns. Some opponents say the bots take jobs from human workers and contribute to chaotic urban traffic. DoorDash Labs, the company's robotics and automation arm involved in the Coco partnership, announced a collaboration last year with a drone delivery service called Wing. Wing drones began delivering food in Christiansburg, Va., in March 2024 after launching a pilot program in Australia in 2022. 'Not every delivery needs a two-ton car just to deliver two chicken sandwiches,' Harrison Shih, senior director of DoorDash Labs, said in a statement. 'We believe the future of delivery will be multi-modal, and we're thrilled to partner with Coco to expand sidewalk robot deliveries that complement the Dasher network.' Coco robots will partner with nearly 600 merchants in Los Angeles through the DoorDash app. The robots' median delivery distance is one mile, according to a company spokesperson.
