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DoorDash CEO Tony Xu on why profitability is his top priority

Posted On: Feb 14, 2020   |   Posted By: Fortune

DoorDash CEO Tony Xu visited Fortune's offices this week, and he had a lot to say about the basics of good business.
Xu is the chief of a tech juggernaut valued at approximately
$13 billion that's still fighting to win in an ultra-competitive market. His rivals-UberEats, Postmates, and Grubhub-are looking to grab a slice of the food-delivery pie, but DoorDash is reportedly in the lead when it comes to growth. Now Xu says his company is big on profit, too.
“We've had to dial in the unit economics since day one, and make sure the business had a path to profitability long, long, long before all the headlines started popularizing this theme,” he told Fortune. “I don't understand why everyone's talking about now, because candidly, for us, we had no choice but to focus on a path to profitability from the beginning.”
I was skeptical of this comment because many founders-including Xu-have openly spoken about prioritizing growth over profitability. Last February, Xu told CNBC, “Right now we're choosing to...

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