US Stock Market Movement | $17 billion acquisition of Instacart countdown begins, DoorDash (DASH.US) rises over 6%

Zhihu Financial APP has learned that on Thursday, US food delivery company DoorDash (DASH.US) opened higher, with gains exceeding 6% as of press time. According to the news, DoorDash released its third-quarter results before the US market opened, with third-quarter revenue of $4.62 billion, exceeding the expected $4.56 billion; it expects the total market platform order value (GOV) for the fourth quarter to be between $35.4 billion and $36.4 billion, compared to a market expectation of $35.77 billion. In addition, DoorDash stated in a press release that it has agreed to acquire Instacart at an estimated valuation of about $17 billion. DoorDash will pay in cash and stock at a price of $65 per share.