DoorDash set to spike in market debut

Brasil Notícia Notícia

DoorDash set to spike in market debut
Brasil Últimas Notícias,Brasil Manchetes

Food delivery app DoorDash makes its public debut Wednesday.

at a key time. Food delivery has been a bright spot during the coronavirus pandemic, with people limiting their time outside of the home as much as possible.

DoorDash reported $1.9 billion in revenue for the nine months ended Sept. 30, according to its IPO filing. That's up from $587 million during the same period last year. As its revenue grew, DoorDash also narrowed its net loss to $149 million over the same period in 2020. In 2019, DoorDash had a net loss of $533 million over the nine-month period.

 

Good for institutional investors (ie: already wealthy ppl & insider traders) not so much for the average investor. Business as usual!

thanks for this news

Overpriced. RH investors and option traders will have a blast!

Brasil Últimas Notícias, Brasil Manchetes



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