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Story summary
- DoorDash will exit operations in Qatar, Singapore, Japan, and Uzbekistan to focus investments on markets with sustainable growth.
- DoorDash began operations in Japan in 2021 and faced competition from Uber Eats and GrabFood.
- Despite exits, DoorDash's financial guidance remains unchanged, and its shares rose 5% after the announcement.
- DoorDash continues to dominate the U.S. delivery market and plans to expand internationally through acquisitions, including Deliveroo and Wolt, to boost efficiency.
