Stock Movers Ford Tariff Scare; DoorDash's Acquisition; Palantir Sinks
May 6, 2025
Palantir Technologies faces a steep drop as its financial results disappoint investors, despite raising its 2025 revenue forecast. Meanwhile, Ford Motor Co. struggles with declining shares after suspending its full-year guidance due to President Trump's auto tariffs, projecting significant financial impacts. In a bold move, DoorDash plans to acquire rival Deliveroo for $3.9 billion, aiming to bolster its presence across Europe, Asia, and the Middle East.
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Ford Tariffs Impact Earnings
- Ford suspended its full-year guidance citing $2.5 billion tariff impact on 2025 earnings.
- Tariffs may cause supply chain disruptions and push costs higher despite domestic car production.
Palantir's Growth and Concerns
- Palantir's revenue grew rapidly but failed to meet expectations, causing a 9% share drop.
- International sales weakness concerned analysts despite 71% commercial and 45% U.S. government sales growth.
DoorDash's Global Expansion
- DoorDash's $3.9 billion acquisition of Deliveroo expands its reach across Europe, Asia, and the Middle East.
- The acquisition diversifies DoorDash's presence into over 40 countries beyond the US.