It's Wednesday, November 10th.

Welcome to Market Fuller.

I'm Chris L. With me, Mr. Asset Sharma.

Thanks for being here.

Chris, thank you for having me as always.

We've got, we've got one of the biggest IPOs of the year on deck.

And we will get to that, but we're going to start with some earnings.

And for this first one, earnings is in air quotes.

The loss that DoorDash posted in the third quarter was larger than expected.

But shares are up 12% this morning.

After DoorDash announced it is buying international delivery platform WALT

for just over $8 billion in stock.

I guess this is what?

This is a growth company.

We like our growth companies to grow.

And so we don't care about the loss.

We like, we collectively, the investing community,

or applauding DoorDash for using some of their stock to go out

and get bigger on a platform that's operating in, I believe, 23 countries.

Yes, we are counting on DoorDash to prove out the proposition

that achieving scale is going to lead to profits eventually.

I actually sort of like this acquisition, Chris, because it is in Europe.

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