Earlier this week, DoorDash announced the acquisition of Wolt, a Finnish food delivery firm, for $8.1 billion. The market response was quite favorable, and DoorDash’s stock went up by 11.58% after the announcement. For those who are not familiar with Wolt, it is one of DoorDash’s main competitors in the European market. My main familiarity with them is from Israel, a place I visit pretty often. In the days before Wolt, it would not be odd to have delivery times of one or even two hours and with overall inferior service (forgotten items, cold food, tipping only in cash, etc.). Wolt changed all of that with their rapid acquisitions of restaurants and drivers, as well as their relative customer-centric approaches.