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DoorDash's business boomed in the pandemic, becoming a literal lifeline to many. Now it faces big questions as restaurants reopen.

Axios Re:Cap talks to CEO Tony Xu about the future of his company and the broader restaurant and e-commerce industries.

Go deeper

DoorDash, Airbnb beat revenue expectations in first post-IPO quarter

Illustration: Aïda Amer/Axios

Both DoorDash and Airbnb beat analyst revenue expectations on Thursday in their first quarter as public companies. Both also have significant losses, which they attribute mostly to IPO-related costs and stock-based compensation.

Why it matters: The two companies became Silicon Valley darlings amid the pandemic as they capitalized on resulting consumer trends.

DoorDash says delivery drivers are earning more after Prop. 22

Illustration: Sarah Grillo/Axios

Food delivery company DoorDash says that in January, its couriers in California netted on average 30% more in hourly earnings than they did in 2020 prior to the passage of Prop. 22 in November.

Why it matters: Much of the companies' pitch to voters was that Prop. 22 — which allowed gig economy firms to treat workers as contractors rather than employees — would translate to higher earnings for workers, but has faced skepticism from some drivers and critics of the industry.

37 mins ago - World

Two years of COVID-19

Expand chart
Data: Our World in Data; Chart: Axios Visuals

Two years ago Wednesday, the first case of a mysterious new respiratory disease was discovered in Wuhan, China. Now, the Omicron variant has deepened concerns about just how much longer the coronavirus pandemic will last.

The big picture: More than 5 million people have died since that first case. Most people on earth have lived through some form of lockdown. 54% of the global population has had at least one vaccination, though the shots have been distributed unevenly.