4 ms·
Another case of a company not needing to lay people off, but they are. Stock of course is up 9% today. Doordash is making something like $700m in gross profit
by roflyear 4y ago
Another case of a company not needing to lay people off, but they are. Stock of course is up 9% today.
Doordash is making something like $700m in gross profit a quarter.
Just remember this when a company calls you a family.
- ctchocula 4y agoLike most growth-phase startups from SV, Doordash are not profitable at the moment and have no profit to speak of with an EPS of _negative_ $2.41. Please correct your "$700m in gross profit a quarter" to "$1.7b in revenue a quarter" or "$296m in net loss a quarter" [1]. [1] https://www.sec.gov/edgar/browse/?CIK=1792789&owner=exclude https://www.sec.gov/edgar/browse/?CIK=1792789&owner=exclude
- roflyear 4y agoWhat are you talking about? This shows $700m of gross profit: https://s22.q4cdn.com/280253921/files/doc_financials/2022/q3/DASH-Q3-2022-Shareholder-Letter_FINAL.pdf https://s22.q4cdn.com/280253921/files/doc_financials/2022/q3...