In a perfect environment, the leader in food delivery still can’t find earnings.
DoorDash has been a Wall Street favorite since its IPO, even though Uber’s ride-hailing business has the potential to grow post-pandemic.
DoorDash flew out of the door on its IPO date, but a month on and the pandemic seems close to ending, so is DoorDash a good buy right now?
The company is also launching a grocery delivery service.
In a move that will boost Uber’s market share in the food delivery industry, it has reportedly agreed to acquire Postmates for $2.65 billion.