Doordash Has Filed an IPO

November 19th, 2020 Options Trading Strategies Guide This FREE strategy guide breaks down 11 specific options methods for a total game plan in any market condition! Register now Doordash, the popular food delivery app, filed paperwork last Friday morning for an initial public offering (IPO). In the process, the company has also given investors a glimpse into how the company has maintained itself during this pandemic. While investing in Doordash stock seems like a no-brainer, the company still has it's ups and downs. Here are some pros and cons you should know before investing in Doordash: Pro: Revenue for the company has soared during the Pandemic The Covid-19 pandemic created a boom for delivery services and Doordash is no exception to the rule. Doordash reported about 1.92 billion dollars in profits during the first nine months of 2020. They also reported 543 million orders in the first nine months of 2020, as opposed to 181 million orders in the first months of 2019. Con: The company has still reported revenue loss While the numbers that Doordash released sound spectacular, investors also need to keep in mind that Doordash has been operating in the red ever since it has been established. In 2019, the company reported a net loss of 534 million dollars in it's first nine months. In 2020, the company reported a net loss of 149 million dollars in it's first nine months. Con: Science says it'll be safe to go back to restaurants sooner than later In the race for a Covid vaccine, pharmaceutical companies like Phizer and Moderna are providing us updates on their vaccine almost daily. In fact, Phizer has already rolled out vaccine delivery programs in four states and plans to submit their vaccine for FDA approval in a matter of days. With that said, restaurant owners are hopeful that they will be able to fill their restaurants again in the new year and people are hopeful that they will be able to safely go to restaurants again in the new year. Tips4Traders For more awesome tips, news and information, visit our site...Register now This email is a paid advertisement. It is for a product or service that is not offered, recommended or endorsed by Tips4Traders.com and neither the company nor its affiliates bear responsibility or control over the content of the advertisement and the product or service offered. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Tips4Traders.com and all individuals affiliated with this site assume no responsibilities for your trading and investment results. The indicators, strategies, columns, articles and all other features are for educational purposes only and should not be construed as investment advice. Information for any trading observations are obtained from sources believed to be reliable, but we do not warrant its completeness or accuracy, or warrant any results from the use of the information. Your use of the trading observations is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness of the information. By downloading this book your information may be shared with our educational partners. You must assess the risk of any trade with your broker and make your own independent decisions regarding any securities mentioned herein. Affiliates of Tips4Traders.com may have a position or effect transactions in the securities described herein (or options thereon) and/or otherwise employ trading strategies that may be consistent or inconsistent with the provided strategies.

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