DoorDash's sales soar, costs grow, shares rise
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DoorDash sales soared in the first quarter as the company added more customers. That was the good news.
However, it was a costly quarter as the company's loss widened to $167 million, from $110 million in the same period a year ago, as DoorDash spent more on stock-based compensation and marketing costs.
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DoorDash said it lost 48 cents per share in the quarter, more than double the 21 cent loss Wall Street forecast.