DoorDash Prepares To Go Public As Market Plunges

DOORDASH PREPARES TO GO PUBLIC AS STOCK MARKET PLUNGES
(CNN) – The Dow Jones Industrial just recorded its worst single-day loss in history, but that’s not discouraging Door Dash from making a dash for the stock market.

The food delivery company is preparing to go public.

This, despite fierce competition in the the food delivery market.

DoorDash announced on Thursday it had submitted confidential paperwork with the SEC to go public.

That’s the same day the DOW plummeted a staggering 1,191 points, as president Trump tries to assure the public he has a handle on the coronavirus.

On top of the market falling into dreaded correction territory, the meal delivery market is facing an upheaval.

Uber Eats this week named a new leader, and GrubHub has struggled on wall street recently after falling short on earnings and sales.

Categories: Business