DoorDash Is Down 50%, and It Might Get Worse
Food delivery services have been immensely convenient during the pandemic with so many people confined to their homes and hesitant to dine in at restaurants, even as indoor seating restrictions loosened. Companies like DoorDash (NYSE: DASH) have been big beneficiaries, growing gross order volumes and revenue materially. However, amid rising costs and narrow margins, it has also been a struggle to get that extra cash flowing through to the bottom line.
Source Fool.com
