DoorDash – Page 2 – Financial Treason & Crime

Robinhood Snacks, 16 November 2020

Drooling all over the S-1… DoorDash released its IPO paperwork on Friday, and didn’t hold back with the high-res food pics (so many poke bowls). Companies that are going public have to file a prospectus with the SEC so investors can get informed. Here’s what DoorDash delivered:

#1 food deliverer in the US: DoorDash has an enviable 50% share of the market. Uber Eats has 26%, Grubhub has 16%, and Postmates (which Uber’s buying) has 7%.
Sales more than tripled to $1.9B from January to September compared to the same period in 2019. 18M customers, 1M Dashers, and 390K merchants now use DoorDash’s platform.
It’s still not profitable. Buuuut: DoorDash significantly cut its net loss from $533M in the 2019 period to $149M in 2020.
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11/13/202002/22/2021

Article: DoorDash files for IPO, shows surging revenue during pandemic

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DoorDash files for IPO, shows surging revenue during pandemic

Emily Bary and Levi Sumagaysay, 13 November 2020

DoorDash Inc., the leading food-delivery app in the nation, filed paperwork Friday morning for an initial public offering, giving investors a first glimpse into its fast revenue growth amid the pandemic — and its continued losses.

The COVID-19 pandemic has been a boon to delivery businesses as people have had to stay home and in many cases outsource their shopping or food pickup. The company’s filing with the Securities and Exchange Commission shows just how big of a boost it has received. DoorDash’s revenue rose to $1.92 billion through the first nine months of the year, a 227% increase from the year-ago period, according to the company’s filing.

The San Francisco-based company, which said in a prospectus that its mission is “to grow and empower local economies,” intends to trade on the New York Stock Exchange under the ticker “DASH.”
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09/27/202002/22/2021

Article: 5 things you should do if you suspect you were affected by the DoorDash data breach

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5 things you should do if you suspect you were affected by the DoorDash data breach

Megan Leonhardt, 27 September 2019

DoorDash, a popular food delivery app, announced Thursday that hackers accessed the company’s data system and stole the personal information of approximately 4.9 million customers, restaurants and delivery workers — including driver’s license numbers, partial bank and credit card information, as well as names and addresses.

Specifically, DoorDash said in a blog post that customers who signed up for the delivery app before April 5, 2018, potentially had a slew of personal details compromised such as names, email addresses, phone numbers and order histories, as well as the last four digits of debit and credit cards. Full credit card information was not accessed.
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09/27/201902/22/2021

Article: DoorDash says data breach affects nearly 5 million users

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DoorDash says data breach affects nearly 5 million users

abc7news, 27 September 2019

Food delivery service company DoorDash says they are investigating a security breach that has affected approximately 4.9 million users. The company says they discovered unauthorized access from a third party on May 4, 2019.

Those affected include dashers and merchants who joined the platform on or before April 5, 2018. Users who joined after April 5, 2018 are not affected. “We took immediate steps to block further access by the unauthorized third party and to enhance security across our platform. We are reaching out directly to affected users,” says the company.
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09/27/201902/22/2021

Article: Food delivery service DoorDash announces data breach affecting 4.9 million people

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Food delivery service DoorDash announces data breach affecting 4.9 million people

William Turton, 27 September 2019

The food-delivery service DoorDash Inc. announced Thursday that a security breach exposed the personal data of about 4.9 million customers, merchants, and delivery workers.

The information that was accessed could include driver’s license numbers of approximately 100,000 of its delivery workers, the San Francisco-based company said in a statement. Other data accessed may include “names, email addresses, delivery addresses, order history, phone numbers,” the company said.
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09/27/201902/22/2021

Article: How to Check if You’re Affected by the DoorDash Hack That Leaked the Data of 4.9 Million Users

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How to Check if You’re Affected by the DoorDash Hack That Leaked the Data of 4.9 Million Users

AARON HOLMES, 27 September 2019

Delivery service DoorDash suffered a data breach earlier this year that affected the information of 4.9 million users, delivery workers, and restaurants, DoorDash announced Thursday afternoon.

The breach occurred on May 4, and affects people who started using the app before April 5, 2018.

As a result of the breach, an unauthorized third party was able to gain access to users’ profile information, including names, email addresses, delivery addresses, order history, and phone numbers.
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09/27/201902/22/2021

Article: Important security notice about your DoorDash account

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Important security notice about your DoorDash account

DoorDash, 27 September 2019

We take the security of our community very seriously. Earlier this month, we became aware of unusual activity involving a third-party service provider. We immediately launched an investigation and outside security experts were engaged to assess what occurred. We were subsequently able to determine that an unauthorized third party accessed some DoorDash user data on May 4, 2019. We took immediate steps to block further access by the unauthorized third party and to enhance security across our platform. We are reaching out directly to affected users.
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07/12/201902/22/2021

Article: Online food delivery comes with a side of fraud

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Online food delivery comes with a side of fraud

Monica Eaton-Cardone, 12 July 2019

Digital payments and remote channels were generally slower to gain traction in the food and beverage sector compared to other retail outlets. Now, though, the industry is making up for that delayed adoption.

Digital channels in the industry now demonstrate rapid YoY growth. Total delivery sales in food service in the U.S. reached $34 billion in 2018, representing a 13% increase compared to the previous year.

Much of that boost took the form of food delivery apps like DoorDash, Uber Eats, Grubhub, or Postmates, as well as merchants’ own individual apps. Overall, food delivery represented roughly 37% of restaurant industry sales.
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09/26/201802/22/2021

Article: DoorDash customers say their accounts have been hacked

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DoorDash customers say their accounts have been hacked

Zack Whittaker, 26 September 2018

Food delivery startup DoorDash has received dozens of complaints from customers who say their accounts have been hacked.

Dozens of people have tweeted at @DoorDash with complaints that their accounts had been improperly accessed and had fraudulent food deliveries charged to their account. In many cases, the hackers changed their email addresses so that the user could not regain access to their account until they contacted customer services. Yet, many said that they never got a response from DoorDash, or if they did, there was no resolution.

Several Reddit threads also point to similar complaints.

DoorDash is now a $4 billion company after raising $250 million last month, and serves more than 1,000 cities across the U.S. and Canada.
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11/14/020202/22/2021

Article: DoorDash IPO filing shows huge growth and lots of risk

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DoorDash IPO filing shows huge growth and lots of risk

Dara Kerr, Carrie Mihalcik, 14 November 2020

Food delivery service DoorDash on Friday filed paperwork with the US Securities and Exchange Commission for an initial public offering. The S-1 filing, more than 200 pages long, shows that the company reported $1.9 billion in revenue for the nine months that ended Sept. 30, up from $587 million during the same period last year.

The company also reported a net loss of $149 million in the first nine months of this year, which is less than the $533 million net loss it reported during the same time in 2019.
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