Investment Group Bashes DoorDash Ahead of Public Debut
Food-delivery giant DoorDash is set to hit the public markets this week after boosting its expected pricing range to $90 to $95. That would give the company a lofty valuation of $28.6 billion to $30.2 billion. Like many gig-economy businesses that rely predominantly on contract drivers, there are concerns around DoorDash's ability to ever generate consistent profits, particularly since the booming demand for food delivery during the COVID-19 pandemic may subside as vaccines become available in the months ahead.
One investment group is now bashing the company and its corporate governance structure.
Image source: DoorDash.
Source Fool.com
