Doordash IPO: Is It Ridiculous to Buy $DASH at $170+ per Share?
DoorDash, an American food delivery service launched in Palo Alto, California, hit public markets on Wednesday December 9th. DoorDash stock ($DASH) closed it’s first trading day up 86% from its $102 IPO price. Alex compares valuations between DoorDash and food delivery platform competitor Uber, finding some discrepancies between how the two companies are reporting market share. He continues with a breakdown of DoorDash’s skyrocketing platform stock and discusses why he thinks that DASH is more fairly valued than their recent platform IPO counterpart, Airbnb ($ABNB).
Originally Aired: 12/10/20
#Food #DeliveryWars #TechIPO
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