After its stellar IPO debut last year - with shares popping 92% on the first day - many of us expected DoorDash to face tough comps this year. It seemed like the company had priced in all the growth it could handle valued at 24x sales. After all, this was a delivery company, not a SaaS company. Margins, delivery is not known for.
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How did DoorDash win the Food Delivery Wars?
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After its stellar IPO debut last year - with shares popping 92% on the first day - many of us expected DoorDash to face tough comps this year. It seemed like the company had priced in all the growth it could handle valued at 24x sales. After all, this was a delivery company, not a SaaS company. Margins, delivery is not known for.