DoorDash (DASH) has released an update.
DoorDash recently announced a new share repurchase program, authorizing the buyback of up to $1.1 billion of its Class A common stock, coming on the heels of completing a $750 million repurchase in the prior fiscal quarter. The company’s board will continue to evaluate additional repurchase programs, taking into consideration the company’s financial position, cash flow forecasts, and other potential investment opportunities. While the program allows for stock repurchases through open market transactions or private deals, it’s not a commitment to buy a specific number of shares and can be halted depending on company discretion and market conditions.
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