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Tech Brew Ride Home

Mon. 11/30 – DoorDash’s IPO Seems To Be Cresting The Wave

Tech Brew Ride Home

Amalgamated Internets, LLC

Technology, News, Tech News

4.71K Ratings

🗓️ 30 November 2020

⏱️ 20 minutes

🧾️ Download transcript

Summary

DoorDash lines up for its IPO and seems to be cresting the wave perfectly. Airbnb is right behind it, swelling a bit as well. Salesforce looks like it will be buying Slack as soon as tomorrow. The UK finally, officially bans Huawei. The monster computer display I want very badly. And remembrances Tony Hsieh, gone, tragically, way too soon. Sponsors: MasterWorks.io promocode: ride MintMobile.com/ride Links: DoorDash seeks valuation of up to $32 billion in IPO, double what it was in June (CNBC) Airbnb, DoorDash Aim for Higher-Than-Expected Valuations Ahead of Debuts (WSJ) Salesforce deal to buy Slack expected to be announced Tuesday after market close (CNBC) U.K. Bans Installation of Huawei 5G Gear From September (Bloomberg) Bitcoin Hits New Record, This Time With Less Talk of a Bubble (NYTimes) SAMSUNG’S ODYSSEY G9 DOES THE WORK OF THREE MONITORS (The Verge) Apple Suppliers’ Exodus From China Won’t Slow Down Under Biden (Bloomberg) Tony Hsieh, RIP (Om.co) Tony. (Paul Bradley Carr) Zappos CEO Tony Hsieh’s Legacy, From Tech Leaders Who Knew Him Well (Forbes) Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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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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