DoorDash, which has been one of the biggest thorns in Uber’s side lately, confirmed The Information’s report last week that it would raise new funds at a valuation of up to $12 billion. In fact, the pre-investment valuation announced today is exactly that amount. The $600 million financing is being led by Darsana Capital Partners, a New York-based hedge fund run by Anand Desai that last year...
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DoorDash Should Buy Instacart Now
Instacart’s stock price performance so far brings to mind a variation on the old line about love: Is it better to have gone public and lost, or never to have gone public at all? The shares fell 9% on Monday to $26.96, 10% below its IPO price, following our scoop that the Wall Street analysts at the banks underwriting the offering are projecting a severe slowdown in Instacart’s growth in the...
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