DoorDash CEO Tony Xu on Inflation, Volatility Weighs on Software Stocks & Nvidia Announces New Products 9/20/22
TechCheck
00:00
Are You Seeing an Inflation Impact on DoorDash?
DoorDash has had some strong 20% year over year growth, but have you seen a change in the mix and a change in consumer habits if that's going to continue? It's been a net neutral story for us. On the one hand, as you mentioned, there are slightly higher prices per item, but on the other hand, consumers are buying fewer items per card. But the consumer demand has been very resilient. In the last 60 years, we've only seen two years in which spend on restaurants and grocery have declined ever in the US economy.
Play episode from 18:45
Transcript
