So DoorDash lost $149 million in all of 2020, and Uber 5 billion?
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coffeecans
Nov 13, 2020
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https://www.cnbc.com/2020/11/13/doordash-releases-s-1-for-ipo.html
DoorDash lost a total of $149 million in 2020, a company that is spending every last dollar to expand. Yet Uber lost 5 billion so far this year, and Lyft at 1 or 2 billion as well.
Does anyone find this incredible? Is DoorDash really figuring out how to make money from this business (149 million sounds like a lot, but compare that to 5 BILLION). They are leading the market and still expanding. Is Uber and Lyft really mismanaged?
DoorDash releases its filing to go public
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At the time of my tour, what they had was pretty slick to my inexperienced eye. I canβt speak to where they are now.