https://www.nasdaq.com/articles/the-delayed-doordash-ipo-appears-imminent-and-impressive-2020-07-06 Nasdaq.com seems to think so. #ipo #doordash
If you check how much our market share has grown in last two years, and you know how profitable we are, and you decide whether we can replicate our US position in other markets, and if delivering other items is easier than delivering food - you would be bullish.
I love the doordash app, more than Uber Eats. I have dash pass and use it over Uber eats in spite of my credits because of several more options. But, tbh, Uber started to loose share in the last 2 years which includes the pre and post IPO year. This is the time when Uber started to be really careful about their bottom line, which includes offering incentives to acquire/hold market share. Once you go IPO, you will be under similar pressure. Tiny bit of additional features even wider selection is not going to make your customer base loyal if you cannot compete in price. As much as I want this space to grow (for my selfish benefit as well), this is a tough business and lower price offerer will win. Be prepared for a different battle post IPO. Uber raised $10B in the IPO because rides, now that rides are significantly down, bulk of that money is available to grow the eats business which is growing crazy atm. Hope you can raise a sum which allow you to compete.
Nice commentary 👍
I would say Doordash and ubereat will coexist and dominate the US market soon. Not a bad thing.
Today I Learned
Yesterday
1938
White male privilege is real
Personal Finance
Yesterday
736
Biden wants to raise capital gains tax to 40%
Tech Industry
Yesterday
2696
Do people underestimate E6 role at meta?
Health & Wellness
4d
46842
High performers, how often do you have slack off days?
World Conflicts
9h
401
Peaceful Protest Hasn’t Worked and Has Been Met With Aggression.
Obviously I’m bullish on DoorDash but that article is comical and poorly-researched and the author is a joke. Doesn’t really talk about any of the reasons why DD is actually good and instead just has a bunch of fluffy bullshit
How bullish are you? What market cap r u expecting?
To the moon!