Illustration by Alex Castro / The Verge
Food delivery platform DoorDash filed its widely anticipated IPO with the Securities and Exchange Commission on Friday, and plans to take the company public early next month. The company’s revenue soared in 2020 and it briefly showed a profit, as restaurants closed to in-person dining due to the pandemic, and relied on delivery services.
DoorDash had a net loss of $149 million over the nine months that ended September 30th, compared to a net loss of $533 million for the same period in 2019. During the first nine months of 2020, the company reported $1.9 billion in revenue, up from $587 million a year earlier. The company has more than 18 million customers. more than 390,000 merchants, and about 1 million delivery workers, who it refers...
source https://www.theverge.com/2020/11/13/21563716/doordash-ipo-profit-pandemic-food-delivery-drones
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