Welcome to the Tech Meme Right Home for Friday, November 13th, 2020. I'm Brian McCullough today.

DoorDash files its S1 and has a surprisingly good business it looks like. The U.S. backs down on

Tik-Tok is the whole ant IPO thing not business but personal. Why you

should probably wait to download Mac OS big sir how much Disney Plus continues to kill it, and of course,

the weekend long read suggestions.

Here's what you miss today in the world of tech. DoorDash has filed its S1 with the SEC, which of course is the first step in an

IPO. They will be listing their shares on the New York Stock Exchange under the ticker symbol Dash, DASH.

And speaking of Dash, we're expecting there to be a Dash of companies rushing to go public

before the end of the year. We're expecting Roblocks, Wish, A Firm, AirB&B, all to file within weeks. But back to DoorDash. And

S1 means we finally get to take a look at the underlying business in any debuting company.

DoorDash reported that they had $1.9 billion in revenue for the first nine months of 2020,

on which they lost $ 149 million. Compare that to revenue of only $585 million a year ago

and a loss of $533 million.

Quoting Alex Willem in Tech Crunch.

DoorDash is a heavily backed company with Crunchbase reporting that the food delivery giant

has accessed around $2.5 billion in capital during its life, most recently, in a $400 million round this June.

At the time, Doordash was valued at a towering $16 billion post-money giving the company big

valuation shoes to fill when it prices its

IPO and begins to trade. DoorDash has grown incredibly rapidly scaling its

revenues from 291 million dollars in 2018 to 885 million dollars in 2019 and more recently from

587 million dollars in the first nine months of 2019 to 1.92 billion

in the same period of 2020. That is 226% growth in 2020 thus far. The

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