Door Dash to offer IPO on Friday

[DrLove]

Y'all think it might be a good buy seeing as how nothing is gonna change on the COVIDS until around 3rd quarter of next year? Downside seems to be that they are losing a lot of money right now, and the industry is going through a ton of changes.

NEW YORK — Delivery giant DoorDash Inc. is planning to sell its stock to the public, capitalizing on the growing trend of consumers embracing app-based deliveries as much of the world stays home during the pandemic.​

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The San Francisco-based company filed papers signaling its intent for initial public offering Friday.​

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“Technology has changed consumer behavior and driven a wave of demand for convenience,” the company said in its prospectus. “Recent events have further accelerated these trends, pulling the future of e-commerce forward for businesses large and small.”​

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Its revenues reflect the explosion in demand for delivery. Last year, DoorDash generated $885 million in revenue. During the first nine months of 2020, revenue more than doubled that to $1.9 billion. It was already growing before the pandemic. In 2018 it brought in $291 million in revenue.​

Delivery giant DoorDash plans IPO

NEW YORK (AP) — Delivery giant DoorDash Inc. is planning to sell its stock to the public, capitalizing on the growing trend of consumers embracing app-based deliveries as much of the world st…

www.bostonherald.com

 

[two_iron]

Not a fan.

 

[Oddball]

The "gig economy" is high tech slavery...Most people don't clear the ol' minimum wage once they figure in wear and tear on vehicles.

Telling that the OP is jizzing himself over this.