DoorDash just publicly filed its IPO paperwork, revealing a nearly $150 million loss this year amid the COVID-19 delivery boomHere is a look at some T. Rowe Price funds DoorDash listed as investors in its Friday filing. The asset manager contributed to a round of funding DoorDash raised earlier this year as an existing investor, according to June reports. T. Rowe Price Global Stock FundT. Rowe Price U.S. Equities TrustMassMutual also holds DoorDash through its MassMutual Select T.
"Every company is accelerating their digital transformation. That's clearly helping a lot of tech companies. I'm keeping it simple and staying with companies where work-at-home, study-at-home is more a tailwind than a headwind," said Danoff, who has overseen the fund since 1990. DoorDash listed companies' retirement plans and pensions as investors, too.
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How is DoorDash a viable business model that justifies this outlandish valuation?
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