March 2 - DoorDash CFO on lack of profitability | SEC hits Gulfport CEO for perk accounting
March 02, 2021
Gulfport failed to disclose perks, SEC says; CEO penalized; CFOs make few COVID-related EBITDA adjustments; CFOs optimistic about revenue growth, plan big investments, survey finds; 5 CFO trends to watch in 2021
The takeout and delivery app with a 48% market monopoly is investing in food preparation robots, subscription program and partnerships with commercial retailers, Prabir Adarkar said, after its first earnings report as a public company.
The gas exploration and development company avoided a fine by fixing the problem quickly, but the CEO was hit with a civil fine for causing the disclosure failures.
Most CFOs in the U.S. and U.K. plan “significant financial investments” while seeing bright prospects for growth in revenue and the economy, according to a Proxima survey.
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