Deliveroo, Just Eat Takeaway, Delivery Hero, and Doordash lose nearly £16bn over seven years cityam.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cityam.com Daily Mail and Mail on Sunday newspapers.
DoorDash (NYSE:DASH), the largest third-party food delivery company in America, took investors on a wild ride after its IPO last December. It priced its IPO at $102 a share, and the stock soared 86% to nearly $190 on the first trading day.
DoorDash eventually hit a 52-week high of $256 a share this February before being clobbered in the broad sell-off in high-growth tech stocks. Today, the stock trades in the low $130s and it could remain out of favor as long as investors are pivoting toward value stocks and reopening plays.
DoorDash isn t the only online food delivery service that lost its luster over the past few months.