[vpears87]

Just eyeballing this, but trading at $180 gives DoorDash a market cap of $60 billion. The IPO priced it at $30 billion.

Uber's market cap is $95 billion.

Lyft's market cap is $14 billion.

UPS's market cap is $120 billion.

Delta's market cap is $40 billion.

So with this naive analysis, I assume there is a lot of potential in last mile delivery. And moving things is more profitable than moving people. Or moving things is stickier than moving people.

In general, curious to wonder how durable this trend is. Or their proprietary gifts. And the pivots they take in the future. They are capturing a lot of taste and preference data on top of logistics.

[graaben]

I keep reading about how the long term play to justify the valuation is moving to last-mile delivery of retail, pharmacy etc. But there is a reason that Amazon distributes out of a central warehouse - it's much more efficient than sending individual drivers to a bunch of Walgreens around the city to pick up prescriptions.

[fakedang]

Perhaps that is the Doordash play? Force restaurants to either exclusive dining or ghost cloud kitchens in warehouses (presumably owned by DD)?