Doordash IPO, bubble about to burst?

Amazon / Eng
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Dec 8, 2020 19 Comments

https://www.cnbc.com/2020/12/08/doordash-sells-shares-at-102-in-ipo-pricing-above-range.html

How is this still a viable business? Even with all the covid surge in food delivery they are losing money: "still reported a net loss for the first three quarters of $149 million, down from $534 million in the same period of 2019. "

It's essentially cashing in on covid and when restaurant opens up who's going to continue ordering food? #doordash #ipo

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