DoorDash Authorizes Stock Buyback for the First Time With Shares Halved

DoorDash's (NYSE: DASH) board of directors authorized a Class A common stock repurchase program of up to $400 million. This is the first stock buyback authorization from the company that went public in 2020 and comes as shares have sold off 55 percent this year.

Stock repurchases may be made from time to time through open market or privately negotiated transactions subject to market conditions, applicable legal requirements and other relevant factors.

By Davit Kirakosyan

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