The data from this filing doesn't seem to back this sensationalized sentiment up at all.
In the first 3 quarters of 2020, Doordash has $131 million loss on $1.9 billion revenue, and they spend $610 million on sales & marketing alone. So if they cut their sales & marketing budget 21% without doing anything else they'd be breaking even.
This seems like a healthy business that is using available VC money to grow faster rather than an inherently a money-losing business model.
In the first 3 quarters of 2020, Doordash has $131 million loss on $1.9 billion revenue, and they spend $610 million on sales & marketing alone. So if they cut their sales & marketing budget 21% without doing anything else they'd be breaking even.
This seems like a healthy business that is using available VC money to grow faster rather than an inherently a money-losing business model.