• The Wall Street Journal reports that "DoorDash's revenue rose last quarter, showing that consumers stuck to getting food and household essentials delivered even as more restaurants and stores reopened.
"Revenue for the three months ended March grew 35% to $1.46 billion from a year earlier, when fresh Covid-19 concerns caused people to hunker down. Analysts surveyed by FactSet on average had predicted $1.38 billion in revenue. The rate of growth for the quarter marked a sharp slowdown. The company’s revenue nearly tripled year-over-year in the corresponding quarters in 2021 and 2020."
The story notes that "DoorDash has been one of the biggest winners of the pandemic. The app’s share in the food-delivery market in the U.S. jumped to 57% in March from 44% two years ago, according to market research firm YipitData.
"Analysts say the company outflanked its rivals thanks to a strong delivery network in the suburbs, a wide selection of restaurants and greater efficiency in delivering the food itself. DoorDash expanded its options during the health crisis to include grocers and convenience stores, pinging consumers as they paid for food to ask them if they also wanted household items from a nearby store."
• GeekWire reports that "Amazon is shutting down Selz, GeekWire has learned, about a year after acquiring the small e-commerce startup.
"Founded in 2013, Selz helps entrepreneurs sell products online. Amazon’s acquisition signaled its continued focus on third-party sellers and raised speculation about Amazon competing more directly with Shopify in providing e-commerce services regardless of whether merchants sell on Amazon.com or elsewhere.
"'We planned to continue to support Selz merchants, however, after a thorough review, we have made a difficult decision to no longer provide Selz offering as a standalone service,' an Amazon spokesperson said in a statement to GeekWire. 'We are committed to supporting Selz merchants through this process by giving a 60-day notice, facilitating their transition to any of the many other providers at merchants’ own choice and immediately waiving associated monthly and annual service fees'."