US EditionDoorDash CEO Tony Xu Aims to Lead Industry Consolidation in Food Delivery
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DoorDash CEO Tony Xu Aims to Lead Industry Consolidation in Food Delivery
During the height of the Covid pandemic, when restaurants nationwide faced unprecedented challenges, DoorDash CEO Tony Xu proposed an unconventional idea: cutting commissions to help struggling restaurants survive. While Chief Business Officer Keith Yandell feared the move might devastate profits ahead of the company’s planned IPO, Xu insisted, “If restaurants don’t thrive, we cannot.” This leadership decision led DoorDash to sacrifice over $100…
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