Stockideas

DoorDash, Inc
(NYSE:DASH)
DoorDash, Inc

DoorDash, Inc. operates a logistics platform that connects merchants, consumers, and dashers in the United States and internationally. It operates DoorDash marketplace, which provides an array of services that enable merchants to solve mission-critical challenges, such as customer acquisition, delivery, insights and analytics, merchandising, payment processing, and customer support; and offers DoorDash Drive, a white-label logistics service; Door...
Founded: 2013
IPO date: 2020-12-09
IPO price: $102
Full Time Employees: 3,886
CEO: Tony Xu  
CTO: Andy Fang 
Sector: Communication Services
Industry: Internet Content & Information
Next Earnings Date: 2023-02-15
Stock price: $56.75 (-2.57%)
dash stock
By: raspberry lazy guy   💬 31   
   on Nov 30, 2022

https://www.reuters.com/business/retail-consumer/doordash-cuts-1250-jobs-an-effort-rein-expenses-2022-11-30/

Nov 30 (Reuters) - DoorDash Inc (DASH.N) said on Wednesday it was cutting about 1,250 jobs, or 6% of its total workforce, as the food-delivery company looks to keep a lid on costs to cope with a slowdown in demand. 

$dash


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dash
By: liszt lazy guy   💬 10   
   on Nov 20, 2022

People are using this app because they give you free delivery once in a while. If you take that away then there’s not a lot left that’s special about this company. Also it’s hard to imagine this company can make money in the future. $dash


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Marqeta retrospective
By: ssmlee04 Community Lead :))   💬 97   
   on Nov 24, 2021

Those metrics are taken from their S-1. Their biggest client is Square and they also have a lot of disruptor clients like Instacart / Doordash / Klarna / Coinbase / Affirm / Uber / Sezzle / Afterpay... etc. So they're like the go-to tools for companies that want to issue their own cards.

Companies use the Marqeta platform to launch and manage their payment card programs. Marqeta works on their behalf with card networks and issuing banks to issue cards, authorize transactions, and communicate with settlement entities.

Basically, the use case for companies using Marqeta is you are able to issue virtual cards for your users depending on your use cases. Take Square $SQ for example, they have CashApp and within the app their users are able to purchase stuff using some virtual debit cards, and that's done thru Marqueta. Also, for Doordash $DASH, their drivers are able to pay with virtual cards with the funds being temporarily on hold so that you won't be in a scenario where bad actors would just walk away with your food. And all those operations needs companies like Marqeta to work.

https://i.stack.imgur.com/auLRf.jpg

https://i.imgur.com/CZXXHqE.png

Also, they're in some sort of share exchange agreements with lots of their clients like Square or Uber... etc. The thing is Square accounts for around 50% of their business and it would be bad if Square decide that they want to issue their own card later. I don't see this as a high likelihood event but for them to rule out this possibility they simply just let Square own a small percentage of their business, and that means if Square wants to enter this space and develop their virtual cards they would need to weigh in on the Marqeta equities they own, and that reduces the likelihood of Square developing their own service and becomes a competitor.

But still, keep in mind that Square still accounts for like 50%+ of their revenue. If Square goes crazy and enters this virtual card business tomorrow then you shouldn't be surprised to see this stock price gets slashed in half right after.

https://i.imgur.com/RjYzOAw.png

A brief look at the S-1 income statement:

Their gross profit margin is around 50%, this is slightly lower than SaaS companies but this seems like a norm for payment companies. Also since they just went IPO their compensation and benefits are high right now, but hopefully, as time goes by the expenditure in this category could go to industry norms.

The good news about them is their company is growing like 100% yoy in revenue. Their transaction volumes from BNPL is going up like 300% yoy and that might continue to be the driver for growth in the next while.

Marqeta is up 9.87% on Wednesday's trading session. That might be a sign of bottom reversal.

Source: https://www.sec.gov/Archives/edgar/data/0001522540/000119312521162113/d64065ds1.htm $MQ


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DoorDash Scam Found To Be Fraudulently Charging People Who Didn't Even Have The App
By: ssmlee04 Community Lead :))   💬 97   
   on Jan 31, 2021

https://www.zerohedge.com/markets/doordash-scam-found-be-fraudulently-charging-people-who-didnt-even-have-app

The company is in hot water for a number of other reasons as of late, including a class action lawsuit claiming it has been purposely diverting business away from restaurants who didn't partner with it, creating phony landing pages and then listing them as "closed" to customers.

Bad news aside I am not sure how this one is different from any other food delivery services. $grub is also an example that this business model doesn't really work normally.

$dash


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