DoorDash shares drop as new investment plan unnerves investors

DoorDash shares dropped nearly 9% in premarket trading on Thursday as the company’s aggressive plan to invest several hundred million dollars more in 2026 in the face of cost pressures unnerved investors.

The San Francisco-based company also missed Wall Street estimates for third-quarter profit due to rising expenses.

DoorDash has ramped up investments on partnerships – including with Domino’s Pizza, retailer Kroger and robotics firm Serve Robotics – as it broadens its last-mile delivery offerings to reach a wider customer base.