According to reports, DoorDash is losing money by the millions. The company is reportedly burning through cash at a rapid pace, and its stock price has taken a beating as a result.
In February, the Wall Street Journal reported that DoorDash was burning through $200 million a year. In March, Bloomberg reported that the company was burning through $300 million a year.
These reports have caused the stock price of DoorDash to fall by more than 50% since the beginning of the year.
The question of whether or not DoorDash is losing money is a complex one. On the one hand, the company is spending a lot of money on marketing and expansion.
On the other hand, DoorDash is making a lot of money off of its subscription service and delivery fees.
Ultimately, it’s unclear whether or not DoorDash is losing money on a long-term basis. However, the company’s rapid spending and stock price decline suggest that investors are concerned about its future.
