(Reuters) - DoorDash Inc raised its full-year forecast for a key industry metric on Thursday, saying it has largely skirted labor woes that have plagu.
/PRNewswire/ DoorDash Inc. (NYSE: DASH) announced financial results today for the quarter ended March 31, 2021. Please visit the DoorDash investor relations.
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Unemployment in the US remains stubbornly high at 6.3 percent. Job growth has stalled, with 9.6 million fewer jobs in January than the same month a year earlier. But gig companies say they’re having trouble finding people to drive, pick up, and deliver for them.
“I m worried about one thing going into the second half of the year: Are we going to have enough drivers to meet the demand that we re going to have?” Uber CEO Dara Khosrowshahi told an analyst last month. DoorDash chief financial officer Prabir Adarkar called the situation “a tale of two cities,” with hordes of new customers racing to order takeout but fewer drivers offering to deliver it. DoorDash orders more than tripled in the last part of 2020, compared with the same period a year earlier.