DoorDash (DASH.US) stock price tumbled after earnings: Q3 profits disappoint, massive spending plan sparks growth anxiety.
According to the financial news app 36kr, the largest food delivery platform in the United States, DoorDash (DASH.US), released its third quarter financial report with revenue and order volume exceeding expectations. However, due to continuously rising operating costs leading to lower-than-expected profits, as well as investors' cautious attitude towards its increasing expenses, the company's stock price plummeted sharply after hours.
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