3 ms·
Agreed. This is everything wrong with the tech industry. This company isn't profitable, so this IPO is effectively a way for the shareholders to offload their
by twelfthnight 6y ago
Agreed. This is everything wrong with the tech industry. This company isn't profitable, so this IPO is effectively a way for the shareholders to offload their bad stock to the public [0]. And if that's not bad enough, the company itself is using dubious tactics [1] which in the short run appeal to customers but in the long run may drive many restaurants out of business [2].
[0] https://www.forbes.com/sites/greatspeculations/2020/12/08/doordashs-new-valuation-is-even-more-ridiculous/?sh=5029d7b63b34 https://www.forbes.com/sites/greatspeculations/2020/12/08/do...
[1] https://www.saddlebackbbq.com/how-google-doordash-grubhub-conspire-screw-local-restaurants https://www.saddlebackbbq.com/how-google-doordash-grubhub-co...
[2] https://laist.com/2020/08/10/why_so_many_restaurants_hate_food_delivery_apps.php https://laist.com/2020/08/10/why_so_many_restaurants_hate_fo...