DoorDash Reportedly Terminates Long-Term Collaboration With Walmart, Shares Fall

DoorDash Reportedly Terminates Long-Term Collaboration With Walmart, Shares Fall
  • DoorDash, Inc DASH is ending its years-long partnership with Walmart Inc WMT to deliver groceries and other products from stores to customers, effective September, the Business Insider reports.
  • DoorDash reportedly stopped working with Walmart "as it was no longer mutually beneficial" and " focused on its long-term customer relationships." 
  • The partnership began in April 2018 as a pilot to deliver Walmart groceries to customers in the Atlanta metro area. Since then, the association has expanded to states across the country.
  • Walmart has been working to build out its delivery arm on top of using third-party delivery service providers like DoorDash. 
  • "We'd like to thank DoorDash for their partnership and support of our customers the past several years," the Walmart spokesperson told Business Insider.
  • Meanwhile, DoorDash has been building out its DoorDash Drive platform, its business-to-business service that provides drivers to merchants through their website or app.
  • DoorDash Drive is now in the early stages of testing a service that will allow DoorDash drivers to pick up and drop off Meta Platforms Inc META Facebook Marketplace items to customers. 
  • Price Action: DASH shares traded lower by 3.31% at $64.49 on the last check Friday.
  • Photo by Mapbox via Flickr

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