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Comment by kevindong

In the age of deeply unprofitable (as in, they lose more money than they grossed in revenue) tech companies going public, DoorDash actually seems pretty okay.

In the 9 months ended 2020-09-30, DoorDash had a net loss of $149 million on $1,916 million in revenue (see page 93). Which implies if they can raise their revenue by ~7.78% while keeping costs steady, they can break even. Given their rate of revenue/cost increases (in the same timeframe as above compared to the 9 months ended 2019-09-30, revenue grew 326% while costs grew 192%), they could very plausibly do so within the next year.

parent kevindong 6 years ago

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