Doordash data reflects substantial growth as it looks to make an IPO debut
Share to twitterLOS ANGELES, CALIFORNIA - MAY 08: A view of general atmosphere at the Doordash booth at 'NightGetty Images for Los Angeles Times Food Bowl
More people are spending more money on Doordash, because way more people are downloading the app - it’s all evident in Doordash’s data, and it’s one of the factors that make this app’s IPO different from other disruptors in the space that lost trajectory or just disappointed consumers over time. Thinknum Alternative Data
The next chart tracks Doordash’s job postings, a proxy on hiring, over time. After steady growth, Doordash job postings declined 48% from their September 2019 peak - something that is typical ofThere are two things the chart reveals - first, that Doordash has been on an ambitious expansion plan over the years, as it rolled up cash from investors like Andreessen Horowitz en route to a valuation nearing $13 billion last year.
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