DoorDash Has Already Peaked
Its valuation doubled and then doubled again in an IPO bonanza. But is it just a well-timed flash in the pan?
Published in
3 min readDec 11, 2020
In mid-2019, a private funding round valued DoorDash, the restaurant delivery service, at $12.7 billion. In early March 2020, with rumors that the company might go public, the New York Times noted Wall Street skepticism about that…