At the start of the month, food delivery service DoorDash announced it raised another $535 million in Series D funding. The company is looking to expand their reach and employee numbers with these funds.
Tony Xu is the CEO of DoorDash. He joins Cheddar to explain some of their goals with this new round. DoorDash is looking to grow their employee base from 550 to 800 employees over this next year. The growth will mostly be in engineering and sales.
Xu also says DoorDash is expected to spread from 600 cities to around 1600 cities across North America this year as well. Another focus for DoorDash will be building a strong platform for "last mile logistics."
When asked what advice Xu instills on his employees, the CEO says he tells them to keep focused on the smallest level of details. In his opinion, that is what's gotten the company to where it is today.
Midea is voluntarily recalling about 1.7 million of its popular U and U+ Smart air conditioners because pooled water in the units may not drain fast enough, leading to mold growth.
Jeremy Fox-Geen, the Chief Financial Officer at Circle, joins Cheddar for a one-on-one interview as the company's stock surges on its first day of trading.
A unanimous Supreme Court has made it easier to bring lawsuits over so-called reverse discrimination, siding with an Ohio woman who claims she didn’t get a job and was demoted because she's straight.
