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'We are a speck of dust': CEO of $80 billion DoorDash reveals candid take on popular delivery app's standing

  Copy link into your clipboard //business-finance.news-articles.net/content/202 .. did-take-on-popular-delivery-app-s-standing.html
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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
DoorDash's CEO argues his company has plenty of room for growth in its core restaurant delivery business in addition to newer initiatives.
The article from Fortune discusses the significant earnings of DoorDash CEO Tony Xu, who made $413.7 million in 2023, largely due to stock options. Despite this, DoorDash, like other delivery apps, faces challenges such as high operational costs, regulatory scrutiny, and the need to balance profitability with fair wages for gig workers. The piece highlights the disparity between executive compensation and the financial struggles of delivery workers, who often earn below minimum wage when accounting for expenses like gas and vehicle maintenance. It also touches on DoorDash's efforts to improve worker conditions through new benefits and higher pay, but notes that these measures might not fully address the underlying issues of job insecurity and income instability in the gig economy.

Read the Full Fortune Article at:
[ https://fortune.com/2025/02/12/doordash-ceo-earnings-delivery-apps/ ]