Shares of DoorDash began trading Wednesday morning at $182 apiece, 78% higher than the company’s IPO price of $102. The surge reflects intense investor demand for the food delivery service stock, amid a generally overheated stock market. Last night, DoorDash raised nearly $3.4 billion in its IPO. Its offering price implies a public market valuation of $32.4 billion, excluding options and...
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The Weekend culture policy
Ban It, Divest It or Regulate It? Washington Looks for an Answer to TikTok
Hi, welcome to your Weekend!Interesting dinner table discussion this week: My 13-year-old daughter, hearing about Nancy Scola’s cover story on TikTok’s war in Washington, offered her prediction for what would happen if the U.S. took the drastic step of banning the app.“Every teenager in America would refuse to come out of their rooms,” she said. “They’d be so mad. They just wouldn’t go out...
Amazon Fresh Hikes Grocery Delivery Fees
Shopify CTO Departs Following Layoffs of Technical Leaders
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