DoorDash, an online food delivery service, is in the midst of a major meltdown. Reports of people not receiving orders, payment issues, and negative reviews are widespread.
This has caused the company’s stock to fall by more than 50% in value since the beginning of the year.
The problem appears to stem from DoorDash’s decision to enter the food delivery market without first building a strong enough infrastructure. As a result, the company has been unable to keep up with the demand for its services, and its delivery drivers have been struggling to make a livable wage.
This issue could have been easily avoided had DoorDash taken the time to build a stronger foundation. Now, the company’s future looks bleak, and it may be forced to file for bankruptcy.