Meta Platforms Adds DoorDash CEO Tony Xu To Board Of Directors

Meta Platforms, Facebook’s parent company, has appointed DoorDash founder and CEO Tony Xu to its board of directors, the social media giant announced in a new SEC filing. Xu is the latest tech superstar to join the all-star board, which includes Facebook angel investor Peter Thiel and Dropbox CEO and co-founder Drew Houston, among others. Since founding the company in 2013, Xu has seen DoorDash grow into the biggest food delivery company in the U.S., making him a billionaire after its 2020 IPO. Although he isn’t yet assigned to a committee, Meta CEO Mark Zuckerberg welcomes the “great tech leader” Xu to the board.

Become a Subscriber

Please purchase a subscription to continue reading this article.

Subscribe Now

In addition to high-profile tech expertise, Xu brings substantial e-commerce experience to the board of a company that is making a significant expansion into retail and related industries. In 2020, Meta (as Facebook) acquired customer service-centric customer relationship management (CRM) startup Kustomer for $1 billion; in the same year, the company also launched Facebook Shops, a platform for businesses to create an online store within the social media network. Xu co-founded DoorDash with fellow Stanford students Andy Fang and Stanley Tang, and each owns approximately 4% of the company.