Tag: DoorDash
How COVID-19 accelerated DoorDash’s business
DoorDash filed to go public today, publishing numbers that showed rapid growth, enhanced profitability and an improving cash flow record which helped explain how the company had grown to a $16 billion valuation while private. The unicorn’s impending liquidity event will enrich a host of venture capital firms that bet…
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Fintech VC keeps getting later, larger and more expensive
The venture capital market appears to be getting later, larger and more expensive. As a result, fintech — one of its hottest and most-funded sectors — is evolving in a similar manner. For late-stage fintech companies, it’s great news. But for smaller players, is the shift toward bigger, more mature…
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The VC and founder winners of DoorDash’s IPO
After years of rumors and high-flying headlines, we finally have the S-1 for DoorDash. Alex has covered the primary details, but I figured it would be good to dive in so we can see who is raking in the returns on the country’s delivery startup champion. DoorDash’s filing indicates that…
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Daily Crunch: Social media confronts election misinformation
You may have heard that the United States had a presidential election yesterday, with plenty of implications for the tech world, particularly with social media as one of the battlegrounds in the fight over the results. Meanwhile, major tech-relevant ballot measures, like California’s Proposition 22, also passed. I’ll do my…
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Shares of Uber, Lyft soar on expected passage of California gig-labor ballot measure
Shares of American ride-hailing giants Uber and Lyft are sharply higher in pre-market trading this morning on the expected passage of Proposition 22, a California ballot measure that allow tech-enabled, on-demand companies to continue classifying gig-workers as independent contractors. Shares of Uber are up 11.88% in pre-market trading, while shares…
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California votes to strip employee protections from Uber and Lyft drivers
Uber and other ride-hailing and delivery companies in California have prevailed in a $220 million dollar gambit to keep workers as independent contractors. Proposition 22, a side ballot to overturn a California law that made drivers full employees, p… Source
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