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00:02DoorDash shares plunged 17%, marking their worst session on record after investors rejected its
00:07aggressive spending plans, according to CNBC. Food Delivery app plans to spend several hundred
00:11million dollars next year on initiatives like autonomous delivery and a new global tech stack,
00:16acknowledging short-term costs for long-term gains. CEO Tony Zhu invented the strategy,
00:21saying the company has a proven track record of investing for growth.
00:24The Replatform's Q3 earnings came in at 55 cents per share, below estimates of 69 cents.
00:29Revenue rose 27% to $3.45 billion, topping expectations.
00:34Wells Fargo analysts and long-term investors may stay supportive,
00:38but more than inconsistent disclosure may test patience.
00:41For all things money, visit Benzinga.com.
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