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SoftBank's Vision Fund posted a record $8 billion profit in the third quarter as its bets on DoorDash and Uber paid off

Booming markets - particularly for tech - helped SoftBank's Vision Fund bring in record 3rd-quarter…

Harry Robertson   


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DoorDash slips as expectations of weaker delivery demand following vaccine rollout weigh on strong 4th-quarter revenue

"Underlying our 2021 guidance is an assumption of accelerated market reopening and a return to in-s…

Isabelle Lee   


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3 mins read

Instacart's stock falls below the IPO price. Here are 7 reasons why.

An analysis of Instacart's lackluster IPO performance and its tough grocery delivery business model.

Alistair Barr   


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DoorDash opened Wednesday's trading day at the NYSE virtually, and a photo taken at the bell shows the surreal reality of going public during a pandemic

A photo of a DoorDash representative ringing the opening bell looks different than past IPOs - befo…

Katie Canales   


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1 min read

DoorDash just confidentially filed IPO paperwork as it prepares to go public

It's one of many high-profile startups backed by SoftBank's Vision Fund, which also backs rival del…

Aaron Holmes   


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Amazon-backed food delivery firm Deliveroo is now worth above $7 billion after a $180 million pre-IPO funding round

Insider previously reported that Deliveroo may target an IPO valuation above $13 billion.

Shona Ghosh   


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5 mins read

Jack Dorsey and Mark Zuckerberg are caught in the Congressional time warp again — but where's Parler?

Blame the pandemic lockdowns for the sense of deja vu you may be experiencing, as Facebook, Twitter…

Alexei Oreskovic   


Ben Gilbert   


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DoorDash CEO Tony Xu says helping small businesses survive the COVID-19 pandemic is part of why the company is filing to go public

But some restaurants say food delivery apps, including DoorDash, charge high commissions that cut i…

Allana Akhtar   


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DoorDash delivery workers won't get stock grants from its IPO, but the company is giving out cash bonuses

DoorDash delivery workers will be eligible for $12 million in cash bonuses through May 2021, the co…

Mary Meisenzahl   


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3 mins read

DoorDash lists Prop 22 as a risk factor for its IPO, warning that other states may decide to adopt California's controversial legislation

The ballot measure, which passed in California this month, exempts DoorDash and other app-based com…

Avery Hartmans   


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DoorDash just publicly filed its IPO paperwork, revealing a nearly $150 million loss this year amid the COVID-19 delivery boom

DoorDash raised $400 million in equity capital in June, scoring a valuation of $16 billion. It publ…

Kate Taylor   


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Payments processor Marqeta pops 19% in trading debut after raising $1.23 billion in an upsized IPO

Marqeta raised $1.23 billion by selling 45.5 million shares for $27 apiece on Tuesday after marketi…

Will Daniel   


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1 min read

Instacart just filed for its IPO and revealed a plan to sell $175 million in stock to PepsiCo

Instacart files prospectus, moves closer to IPO, sells stock to PepsiCo

Alex Bitter,Nancy Luna   


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DoorDash IPO - How to get a job in consulting - AI in accounting

The top finance stories for December 8, including the latest news on how to get a job at FTI Consul…

Dan DeFrancesco   


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1 min read

Roblox videogame platform plans to go public via direct listing next month after twice delaying its IPO

Roblox recorded $924 million in revenue last year, and the online video game platform averaged 32.6…

Matthew Fox   


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2 mins read

Affirm skyrockets 110% in first day of trading after $1.2 billion IPO

The loan provider sold 24.6 million shares for $49 each after lifting its forecasted offering price…

Ben Winck   


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Uber's investment in Didi could help unlock 40% upside potential in the US ride hailing giant's stock, Bank of America says

"Based on 1.9 billion shares outstanding for Uber, we estimate that translates to an incremental ~$…

Matthew Fox   


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One stunning Airbnb chart perfectly encapsulates the ongoing IPO-market frenzy

Investors need to differentiate "between a great company and a great price or value," said Rich Ste…

Ben Winck   


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Airbnb prices IPO at $68 per share, will raise $3.5 billion

US listings have already raised a record $156 billion in 2020, in part fueled by the rise in blank-…

Matthew Fox