Is the DoorDash IPO Worth Investing In?

A 31% drop on the S&P 500 gave many businesses a dim outlook in March. The IPO market slowed down tremendously as a result. What didn’t slow down, however, was online delivery. An unprecedented amount of online orders were being placed during lockdowns. Amazon had to hire 75,000 more workers to meet new demand. As part of this trend, people were also eating out far less (if at all). And companies like DoorDash came to the rescue. That’s why this company hasn’t had the same hiccup as the rest of the IPO market since it announced a potential IPO in February. Now, a DoorDash IPO is imminent as the company maintains its goal of going public before the end of Q4. The post Is the DoorDash IPO Worth Investing In? appeared first on Money Morning - We Make Investing Profitable . Read more... To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2020 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201.
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