DoorDash Statement on Department of Labor Draft Rule

DoorDash, Inc. (NYSE:DASH) issued a statement today:

Today, the Department of Labor announced a draft of a rule, applicable across a wide range of industries, under which we believe Dashers are properly classified. 

While this is just the first step in the process, we do not anticipate this rule causing changes to our business model or to Dashers’ status as independent contractors. We will continue to engage with the Department of Labor, Congress, and other stakeholders to find solutions that ensure Dashers maintain their flexibility while gaining access to new benefits and protections. 

In today’s economic climate, the flexible earning opportunities we provide are especially vital. Dashers are students, teachers, stay-at-home parents, and people from all backgrounds seeking to earn supplemental income. On average Dashers are on a delivery less than four hours per week. Overwhelmingly, Dashers say they choose DoorDash because of the flexibility it offers, which is likely why more than 90% of Dashers say that they prefer to remain independent contractors.

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Forward-Looking Statements

This communication contains forward-looking statements within the meaning of U.S. securities laws, including statements with respect to the outcome and impact of regulatory matters. Forward-looking statements generally relate to future events or our future operating performance. Our expectations and beliefs regarding these matters may not materialize. The forward-looking statements contained in this communication are also subject to other risks and uncertainties, including those more fully described in our filings with the U.S. Securities and Exchange Commission. All forward-looking statements in this communication are based on information available to us and assumptions and beliefs as of the time of communication, and we disclaim any obligation to update any forward-looking statements, except as required by applicable law.