Mon. 11/30 – DoorDash’s IPO Seems To Be Cresting The Wave
Tech Brew Ride Home
Amalgamated Internets, LLC
4.7 • 1K Ratings
🗓️ 30 November 2020
⏱️ 20 minutes
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| 0:00.0 | Welcome to the Tech Meme Right Home for Monday, November 30th, 2020. I'm Brian McCullough. |
| 0:08.4 | Today, Door Dash lines up for its IPO and seems to be cresting the wave perfectly. |
| 0:13.8 | AirB&B is right behind it, swelling a bit as well. |
| 0:17.0 | Salesforce looks like it will be buying slack as soon as tomorrow. |
| 0:20.9 | The UK finally officially bans Huawei, the monster computer display. The |
| 0:23.4 | monster computer display I want very badly and remembrance of Tony Shea gone tragically way too soon. |
| 0:30.9 | Here's what you missed today in the world of tech. A whole bunch of big financial |
| 0:38.4 | news today. First up we've got the filing for DoorDash's IPO this week. The company is looking to raise 2.8 billion dollars at an implied |
| 0:47.5 | valuation of up to 32 billion dollars which is notable because at its last private valuation, Door Dash was valued |
| 0:57.2 | this past June at only 16 billion dollars. |
| 1:01.0 | So it's clear that they seem to be cresting the wave at exactly the right time. |
| 1:06.0 | They plan to list shares in a 75 to 85 dollar window, so if you want to play along at home, |
| 1:12.0 | those are the dollar markers to keep in mind this week. |
| 1:15.0 | Reminder of why suddenly DoorDash is looking so swell, quoting CMBC. |
| 1:20.0 | DoorDash reported $1.9 billion in revenue for the nine months ended September 30th. |
| 1:25.0 | That's up from 587 million dollars during the same period last year. |
| 1:30.0 | As its revenue grew, DoorDash also narrowed its net loss to $ 149 million over the same period in 2020. |
| 1:36.6 | In 2019, Door Dash had a net loss of $533 million over the nine month period. |
| 1:43.0 | Doordash is set to join competitors Grub Hub and Uber on the public markets. |
| 1:47.3 | Doordash has the lead in US market share among them, |
| 1:50.5 | with 49% of meal delivery sales in September compared with |
| 1:54.1 | Uber's 22% and Grub Hub's 20% according to analytics firm second measure and |
... |
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