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!