Doordash IPO! Congrats Millionaires!!
https://www.cnbc.com/2020/11/13/doordash-releases-s-1-for-ipo.html#tech #ipo I am bullish on the DASH stock. What do you guys think?
Why are you bullish on DASH? Their value spiked to 16B mainly because of covid and Uber’s neglect of their eats app. I’m very neutral about the ipo — hope to get some other opinions on this!
Unlike other delivery app we have managed out cash brilliantly We have so good amount of cash in hand for grow more We are pumping money in new verticals which would bring money and try to balance post covid dip.
I agree it spiked because of COVID, but people’s perception of ordering food online has changed. Doordash has acquired a lot of new customers and I doubt people will stop ordering food online after the pandemic ends. For perspective, I never used to order food online, but started during the pandemic, and have got addicted to it now. It will now be rare for me to drive and pick up food even after the pandemic ends. Once people get used to the convenience, the game is won. Only thing is to deliver a good user experience, I hope Doordash can continue doing that.
You must have never been at a startup yourself if you think regular engineers at doordash will become millionaires. Only the founders and VCs will make out like bandits on this IPO. Btw a millionaire is nothing now. You can easily make a millionaire just by working at FANG for 3 years (and doordash employees have probably been working at DD longer than that)
"Millionaire by working at FANG for 3 years" Can elaborate?? Are you expecting folks to join at senior level?
May be not at amazon. But def at fb and goog for l5+ levels.
Our moral is high. Staying focused. Stock prices will go up and down, key to success is perseverance.
I wish it could be bullish
Poor doordash. It has been 3 days, only 20 comments less than 2k views 🤪
Good luck with your IPO, friend. Hope you all make out with plenty of $$$$
Doordash is rolling out a grocery version. Smart move to put the dash drivers to work! Competition with Instacart! Future looks bright! So they'll basically be in the food delivery + grocery business. Future looks good to me! Probably a stock i'll buy.. probably cash out after a couple of months.. long term gains are hard to predict with this one
Its a good service, but they are crazily overvalued. They are trying to use Covid to get a high valuation out the door. Their usage will drop hard once things go back to normalcy and I think their stock will crash and burn in 6 months to a year. Hope the employees can cash out before that happens. Clear case of the founders, board and bankers getting greedy.
What was the valuation for early March offer?
Buy on the drop when it hits $100 again.
I think it's a risky business. Whoever gets drone delivery first will eat the whole market by competing heavily on price and delivery speeds, and I don't see how incumbency gives much of an advantage on that front. They basically don't have a moat
Yeah right. Drone delivery sounds good on paper, but not in practice. It’s a few decades down the line, at least!
Well the other half of it is they can't turn a profit without batching orders because human drivers cost too much, but batching orders is slow for consumers. I don't think it's a good business model with human drivers. More power to them if they ever turn a profit and prove me wrong though