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nicholas cauley

DoorDash results impress as taste for takeout defies inflation

Food delivery firm DoorDash Inc's orders surged to a record high in the third quarter as demand held strong against higher prices and rising inflation, helping it beat Wall Street targets for revenue and sending shares up 10%. Even though dining out has resumed in force, people are still ordering food online from the comfort of their homes like they did during lockdowns. DoorDash has, however, started to see a bit of an impact from recession-wary people buying fewer items each time they order, a company spokesperson said.…