See Robinhood Financial’s fee schedule at /fees to learn more. Other fees such as trading (non-commission) fees, Gold subscription fees, wire transfer fees, and paper statement fees may apply. In the latest sign of that scrutiny, Washington, DC attorney general Karl Racine reportedly sent the company a letter Tuesday warning it to stop charging eateries a 30 percent commission on orders placed through its DashPass subscription service.ĭoorDash told news outlets that it had decided not to charge DC restaurants the high rate, which Racine said would violate a local law capping such commissions at 15 percent. View the real-time DASH price chart on Robinhood and decide if you want to buy or sell commission-free. The company reported revenues of more than $1.9 billion for the first nine months of 2020, up from $587 million in the same period last year, and saw its net loss drop to $149 million from $533 million.īut DoorDash has also faced criticism for the steep fees it charges restaurants that rely on its service. The shares, which trade under the ticker symbol “DASH,” were recently up about 77 percent at $180.31 as of 1:34 p.m.ĭoorDash’s market debut came at the end of a banner year for tech IPOs that’s seen other Silicon Valley giants such as data-mining titan Palantir and cloud-storage startup Snowflake take their shares public.ĭoorDash’s success is a good sign for Airbnb, which is set to start trading Thursday in a hotly anticipated IPO that could value the vacation-rental giant at nearly $42 billion.ĭoorDash and other food-delivery firms have seen their business boom during the coronavirus pandemic as demand for takeout surged among locked-down consumers. The opening price gave DoorDash a fully diluted valuation of more than $68 billion, more than four times the $16 billion price tag the company got in a private fundraising round in June. The San Francisco-based startup’s shares opened on the New York Stock Exchange at $182 a pop and climbed as high as $195.50 - nearly 92 percent above the listing price of $102. According to 25 analysts, the average rating for DASH stock is 'Buy.' The 12-month stock price forecast is 79.16, which is a decrease of -7.93 from the latest price. Shareholder vote saves Trump’s Truth Social app from possible shutdownĭoorDash’s stock price nearly doubled in its first day of trading Wednesday as the food-delivery giant cashed in on a red-hot market for tech offerings. Mediterranean restaurant chain soars in stock market debut, hits $4.7B valuation WeWork - once worth $47B - faces doom, rattles NYC’s shaky office marketĬava IPO signals market boom ahead, bankers say
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |