Why DoorDash Stock Is Falling Today

Shares of DoorDash (NYSE: DASH) were falling 7.5% at 11:07 a.m. on Wednesday after rival Grubhub partnered with Amazon (NASDAQ: AMZN) to offer members of its Prime loyalty program a year's worth of food delivery free of charge.

In addition to giving Prime members a one-year membership to Grubhub+, the e-commerce giant can take a 2% stake in Grubhub and boost that by an additional 13% if it hits targets related to new-user growth.

Not only are DoorDash shares falling, but Uber Technologies stock also is down 4% as well.

Source Fool.com