doordash q1 profit: DoorDash’s rising labour costs weigh on Q1 profit outlook, shares fall
DoorDash on Thursday forecast a quarterly profitability metric below Wall Street expectations, hurt by higher labour costs that overshadowed a surge in delivery orders, sending its shares down over 8% in extended trading.The delivery firm, which also reported a wider-than-expected loss for the fourth quarter ended December 31, has increased minimum pay for its delivery workers, following new regulations.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIM KozhikodeIIMK Advanced Data…