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The Wall Street Publication > Blog > Markets > Food-Delivery Investors Get Liquid Courage
Markets

Food-Delivery Investors Get Liquid Courage

Editorial Board Published September 24, 2021
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Food-Delivery Investors Get Liquid Courage
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Eighteen months into the pandemic, food-delivery platforms are betting everyone could use a drink.

Last week shares of DoorDash hit an all-time high. The food-delivery company’s market value exceeded that of Uber Technologies for two days, topping $75 billion. For a delivery pure-play, the unseating—even if brief—was notable. Uber, which also operates a global ride-hailing business, has yet to post a profitable quarter, even as its Rides business has now seen many consecutive quarters of positive earnings before interest, taxes, depreciation and amortization.

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