Iran War forces DoorDash to shell out $50 million to help struggling delivery drivers

DoorDash said Wednesday it expects to spend more than $50 million in the second quarter on gas price relief for its delivery drivers.

The San Francisco-based company said in March that it would offer extra compensation to U.S. and Canadian drivers as part of a temporary program to offset a sharp increase in gas prices due to the Iran war. The national average for a gallon of gas on Wednesday was $4.53, up 44% from a year ago, according to AAA.

DoorDash said demand for deliveries remained strong in the January-March period despite higher gas prices, with total orders rising 27% to 933 million. That fell short of Wall Street’s forecast of 954 million, according to analysts polled by FactSet.........

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