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DASH soon back to $225+ with this news + earnings in 2 weeks.
My 500 at $175 only 24hrs ago looking good already !
GLTA
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MARVELOUS!!
DASH confirms acquisition 2/8:
Nice news !!!
“4:22p ET 2/8/2021 - MarketWatch
UPDATE: DoorDash buys Chowbotics, maker of food-preparing robots
Mentioned: DASH
By Levi Sumagaysay
DoorDash Inc. has bought Chowbotics, a maker of food-preparing robots, as part of its effort to help merchants grow their businesses, the delivery-app company announced Monday.
The robots of Hayward, Calif.-based Chowbotics make customizable salads, grain and poke bowls, parfaits, cereals and snacks and can be found at grocery stores, hospitals and other locations. DoorDash is thinking the machines could be used to automate some food preparation at restaurants.
DoorDash isn't disclosing how much it paid for the company, which says on its LinkedIn profile that it has deployed more than 100 of its robots. The deal was completed late last year, a DoorDash spokeswoman said.
"Bringing Chowbotics' technology into the DoorDash platform gives us a new opportunity to help merchants expand their current menu offerings and reach new customers in new markets," said DoorDash co-founder Stanley Tang in a statement.
As the coronavirus pandemic has propelled delivery of food and other goods to record levels, DoorDash is the top food-delivery app in the U.S., with a 50% market share, according to Edison Trends.
See: The pandemic has more than doubled food-delivery apps' business (https://www.marketwatch.com/story/the-pandemic-has-more-than-doubled-americans-use-of-food-delivery-apps-but-that-doesnt-mean-the-companies-are-making-money-11606340169?mod=levi-sumagaysay_seemore)
Venture-backed Chowbotics has raised $20.8 million, according to Crunchbase, and was valued by PrivCo at $50 million to $100 million in 2018.
Rick Wilmer, chief executive of Chowbotics, said in a statement that the deal will allow his 7-year-old company to take advantage of DoorDash's lead in U.S. food delivery.
"DoorDash has the unparalleled reach and expertise to help us grow and deploy our technology more broadly, so together, we can make fresh, nutritious food easy for more people, Wilmer said.
DoorDash shares closed at $177.43, a 2.1% decline, on Monday. The company's stock is up more than 24% so far this year.
The company's acquisition of Chowbotics isn't its first foray into automation. In 2019, it bought Scotty Labs, which is working on technology to remotely operate vehicles. The fair value of that purchase was $5 million, according to a DoorDash filing with the Securities and Exchange Commission. “
GLTA
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Yeah really hung low for slowest FOUR trade days of the year 12/29-1/07.
It was a quick bounce back to $158+, +, +
I am shocked DASH climbed all the way back up from $135.00
Nice DASH Buy today...
GLTA
I put my short back on. Time for the stock market to rest for awhile.
I was stopped out with decent profit. I have no idea why this is making this much of a move. So I will wait till it stops. Then look for a place to go back in.
I noticed that nice pop yesterday.
$137 ... missed it by five bucks?
Initially, I tried, unsuccessfully, to borrow shares from Fidelity, so I have no skin in the game. I wish all the best fortune for shareholders.
yes, i know. i watch it and sometimes trade it. its market cap is now 4x size of PFIZER! or AT&T
its bigger than VERIZON+CSCO+INTL+BOEING--combined
Lmfao look at TSLA
Are you set on 132?
Hope DD delivers cannabis one day. $HRVSF $VREOF
Fair value is around $20-25! FACT
I was impressed with Doordash until recently when I found out that they have no protection for the company or its team members if the delivery is fraudulent.
Meaning food delivered but person who received denies delivery. This leads to the team member paying 50% and I would guess the company absorbing 50%.
This issue is becoming a very large problem especially in these difficult economic times.
I would expect this to seriously affect the company's bottom line and it is crippling long serving loyal drivers many who cannot afford the 50% financial responsibility they incur.
Of course right now the company has a limitless supply of drivers due to Covid and financial desperation but once the word gets out few will want the risk.
The company needs a foolproof way of assuring correct acceptance of delivery with either photo or digital signature technology.
This is a company problem not a driver problem, Doordash should have figured this out and taken the necessary steps to protect all.
Hopefully they have a solution ready to deploy.
Ten More Dollars To Go!!
DASH-trading at 20 times sales lol
this is definitely a short
I'm not sure what your plan is there but am willing to listen.
I can use Inverse ETF funds. Could not borrow shares to short.
I'm not sure how you come up with "safer". Outright shorting has the potential for unlimited losses. What are you going to do when someone announces they are buying DASH for $250.
You should. You're missing out on a great investment vehicle. This is how I'm shorting DASH.
In the long run, PUTS will kill you. You have to make up 28%. You will die when it stumbles along sideways for a few months. I shorted it at 175. Looking to take it off at 80. 70 years ago, we would never buy any thing with out an intrinsic value. Most of the time, we also wanted at least a small dividend before we bought it. Take your time. Even if you can only short 10 shares. A hell of a lot safer. Go slow till you learn the game.
I don't options, puts, warrants, etc.
Good points! Even though we’ve high inflation, FED will always state the opposite as they want to prop markets until US will exist as a country
During the Madoff days, so much trust was built that high profile celebrities invested and lost their a#% when house of cards came crumbling down fast. This time people assume that FED will always have their backs with their reckless investments. Next, trashy stocks like Tesla, Dash, ABNB, Uber will bite bullet to begin with IMHO
Even if it’s not sustainable.
It sort of works....and that’s based off the models set in place from 2007-2010
The biggest problem is inflation though and thats something that nobody is expecting to be high. With biden in office doesn’t matter to me as much as Republican senate. Which usually means deregulation.
So it’s going to be a very Intresting environment in the coming year
Agree with your thought process on the helicopter money. How long will they wash their money?
Dollar has taken a beating of its lifetime and getting worse. Foreigners are dumping dollars rapidly!
Country’s national debt is out of control...
So you think FED has to keep pumping forever? It’s not sustainable!
FED and taxpayers aren’t responsible for stupid investments made by these mom and pops!
Some ways FED could deflate the bubble:
Increase corporate tax
Fix corporate tax loopholes
Go after fluff companies like Uber, Airbnb, Doordash, Amazon that break all labor laws, city laws, and exploit all possibly tax laws!
West Coast, Florida.
Also I’m not a fan of the pricing.
I like the company and idea
Stock price is extremely over valued
Dude helicopter money has been coming in hot since 2008
Talk about DD....
Remember when the fed tried raising rates back in 2015?
Yeah......they reversed course immediately as money started pouring out.......
They just realized that if they keep feeding money into the machine, they keep inflating markets to make up for the losses.... also sicne every currency trades off USD, don’t you think they figured out how to wash their own money?
Lol again what’s your DD?
I worked with Sysco Food Services for 17+ years.
Short DoorDash down to $130.00
Sysco food delivers frozen food to restaurants and big suppliers. They have a huge warehouse near “the link” in Philadelphia.
Doordash is Uber but instead of people it’s food.
I’ve now watched atleast 30 people use it and I like it. Heck my mom surprisingly had the app and loves it as she can order food from her favorite restaurants. Thus making a fast food type of service for all restaurants or small businesses. Heck some small companies are killing it on doordash.....
BUT pricing is still ridiculous
Are you foolish?
That would cause pandemonium.
Your talking about a whole generation of boomers with their entire life savings in pensions or iras. Some of which are being used for collateral.
Get used to it my friend, as this is the new normal. Cost of living has greatly outpaced a single income family in last 10 years and I don’t recall many people getting raises over last century.
Once FED stops inflating markets with incessant monetary pumping, all these stock will collapse and become worthless in no time!!
Fair value of DASH POS is approx $25
$DASH vicious attack by Citron they have $40 target no position for me.
https://citronresearch.com/wp-content/uploads/2020/12/DoorDash-The-Most-Ridiculous-IPO.pdf
Yeah! Just like SYSCO Food Services!
is this correct
DASH is a food delivery service !
ROTFLMAO
Sell short down to $130.00
stock is so over valued it is insane
typical wall street pum,p & dump
Absolutely and hope they realize it’s going to get very very bad from here! Going down below $100 soon!!!
My guess they have lost there ass
Nothing to worry, Robinhooders will save the day! LOLOL
DASH classic pump and dump! Hope sheeples have learned their lesson by now!
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