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DoorDash Shares Up 3% As CEO Named To Meta Platforms Board

Shares of online food delivery company DoorDash Inc. (DASH) are up 3 percent on Wednesday's trading following the news that Facebook parent Meta Platforms Inc. (FB) named DoorDash Chief Executive Tony Xu to its Board, with immediate effect.

Commenting on the appointment, Meta CEO Mark Zuckerberg said, "I've always thought it's important to have great tech leaders on our board, and Tony has direct experience both running a tech company and solving complex challenges in commerce." Xu's addition brings Meta's Board to 10 members.

Currently trading at $146.40, the stock has traded between $110.13 and $257.25 during the past 52 weeks.

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