Why Is Everyone Talking About DoorDash Stock?
DoorDash (NYSE: DASH) has the investor community buzzing after a couple of major developments in the middle of May.
First, the company reported fantastic first-quarter earnings, which showed it nearly tripled revenue from a year ago. Second, DoorDash announced a partnership with Rite Aid (NYSE: RAD) where the latter will list its products on the former's platform.
The two developments combined to send the stock price soaring by over 20%. It has since given back some of those gains, but investors are still talking about how fantastic these two developments are for DoorDash's long-term prospects.
Source Fool.com
