Doordash current valuation is at $12.6 billion and they become market leader in food delivery. But in market with wafer thin margins and huge competition is it risk worthy? They are also moving into last mile delivery i.e. delivery for business (like for Walmart), but with Amazon catching up on Fedex on shipping, investing in Deliveroo for last mile delivery, does Doordash has a chance? @Doordash
What is Albertsons?
Nautical bird
The tier-0 company. Albertsons >>> FAANG
Will food delivery ever be a good business unless there is self driving and drones? Even Amazon left the business. Also, what advantages does doordash have over uber, grubhub, etc?
growth trajectory ?
Doordash is only valued so high because they are really good at stealing their workers tips. expect valuation to crater once lawsuits and state law changes happen to prevent wage theft.
I'd meet the team at Albertsons first, killer IPO incoming