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DoorDash stock rises after disclosing worker underpayment settlement

The delivery platform admitted to underpaying tipped workers and saw its stock price increase following the admission.

newest coverage 1d agosummary written 1d ago2 pieces NewswiresGoogle News

What to know

  • DoorDash admitted to systematically underpaying delivery workers who received tips.
  • The company announced a settlement to address the underpayment issue.
  • Market responded positively, with DoorDash stock rising after the disclosure.

“'We Screwed Up'”

DoorDash · Barron's Online

DoorDash Delivery platform company

How it unfolded 2 developments, newest first · click a bar or a number to jump articles

Peak 1 piece in one hour at Sep 22, 7 AM; 2 pieces over 46 hours (2 articles) Sep 22, 7 AM — 1 piece · 1 article — Newswires 1Sep 22, 8 AM — quietSep 22, 9 AM — quietSep 22, 10 AM — quietSep 22, 11 AM — 1 piece · 1 article — Google News 1Sep 22, 12 PM — quietSep 22, 1 PM — quietSep 22, 2 PM — quietSep 22, 3 PM — quietSep 22, 4 PM — quietSep 22, 5 PM — quietSep 22, 6 PM — quietSep 22, 7 PM — quietSep 22, 8 PM — quietSep 22, 9 PM — quietSep 22, 10 PM — quietSep 22, 11 PM — quietYesterday, 12 AM — quietYesterday, 1 AM — quietYesterday, 2 AM — quietYesterday, 3 AM — quietYesterday, 4 AM — quietYesterday, 5 AM — quietYesterday, 6 AM — quietYesterday, 7 AM — quietYesterday, 8 AM — quietYesterday, 9 AM — quietYesterday, 10 AM — quietYesterday, 11 AM — quietYesterday, 12 PM — quietYesterday, 1 PM — quietYesterday, 2 PM — quietYesterday, 3 PM — quietYesterday, 4 PM — quietYesterday, 5 PM — quietYesterday, 6 PM — quietYesterday, 7 PM — quietYesterday, 8 PM — quietYesterday, 9 PM — quietYesterday, 10 PM — quietYesterday, 11 PM — quietToday, 12 AM — quietToday, 1 AM — quietToday, 2 AM — quietToday, 3 AM — quietToday, 4 AM — quiet 12
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  1. 2

    DoorDash stock rises after settlement disclosure

    Following the company's admission and settlement announcement, DoorDash's stock price increased, reflecting market reaction to the resolution.

    1. 1 outlet first by Barron's, 1d ago · read ↗

  2. 1

    DoorDash admits to underpaying tipped workers

    DoorDash disclosed that it had underpaid delivery workers who received tips, and announced a settlement to address the issue.

    1. 1 outlet first by Barron's Online, 1d ago · read ↗