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Are Delivery Firm Stocks Overvalued? They Deliver Great Food, but Not Profits

A look at how unprofitable firms are valued

Photo by eggbank on Unsplash

Q. What’s worth almost half a trillion dollars and had operating losses of over 12 billion dollars last year?

A. Nine publicly-traded delivery firms, including Uber and DoorDash.

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Stephen Foerster

Stephen Foerster

I’m a Finance prof, CFA, and author of In Pursuit of the Perfect Portfolio (with Andrew Lo). I write stories about investing. (I don’t give financial advice.)

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