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...
Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
The Weekend culture policy
What a Brazilian Steakhouse Says About the Tech Economy
Hi, welcome to your Weekend.One of my favorite tech memes is the “We’re so back” post, the kind that pokes fun at the industry returning to the good old days of expensive perks and wine-soaked dinners.I had a real-life “We’re so back” moment this week when I attended a bacchanalian feast thrown by Bain Capital Ventures at Fogo de Chão in San Francisco. Bain Capital’s private equity arm...
Stay in the know
Receive a summary of the day's top tech news—distilled into one email.
Access on the go
View stories on our mobile app and tune into our weekly podcast.
Enjoy a clutter-free experience
Read without any banner ads.
Recent Popular Stories
Exclusive google semiconductors
To Reduce AI Costs, Google Wants to Ditch Broadcom as Its TPU Server Chip Supplier
Disney-Charter Deal Could Prompt More Cable TV-Streaming Bundles
Exclusive startups Finance
Instacart’s Secret Deals With Grocery Giants
When Instacart goes public on Tuesday, at least one shareholder likely to make money is its own customer: grocery giant Albertsons, one of several retailers that quietly struck stock deals with Instacart years ago that remained a closely held secret inside the delivery company, people familiar with the matter said.