DASH News & Events

DoorDash Chief Marketing Officer Kofi Amoo-Gottfried will step down in May after seven years in the role, the company confirmed to Adweek, which quotes Prabir Adarkar, president and COO of DoorDash, as having stated: "We're deeply grateful for the vision and leadership he brought to building the DoorDash brand and business, and the world-class team behind it. This has been a thoughtful and planned transition, and Kofi will remain through May to ensure a smooth handoff. We wish Kofi and his family continued success and fulfillment in what's ahead."

Wedbush notes that The Information reported that OpenAI is scaling back its plan to introduce shopping directly inside ChatGPT and will pivot towards having checkouts take place inside of apps that plug into the platform. This reported pivot is a "net positive" for retailers, marketplaces, and intermediaries that have been under pressure as a result of investor concern around AI-enabled disintermediation on the sector, says the analyst, who lists Amazon (AMZN), MercadoLibre (MELI), Xometry (XMTR), DoorDash (DASH), Airbnb (ABNB), Shopify (SHOP), Booking Holdings (BKNG) and Carvana (CVNA) as "resilient leaders" with business models that are most defensible against replacement or AI disintermediation.

Notable gainers among liquid option names this morning include Trade Desk (TTD) $30.84 +5.67, Expedia (EXPE) $247.48 +26.22, Booking Holdings (BKNG) $4586.32 +332.74, DoorDash (DASH) $189.87 +12.12, and LyondellBasell (LYB) $66.00 +4.08.