Simple plan

[The beef 675] [I'm an image] “I guess missionary is the safest way to go public” - Jeff Hey there carnivores, Markets were up again on Friday as more vaccine hopes drove investors’ confidence. Today we’re discussing DoorDash’s plan to go public. Keep raging, Jeff & Jason [Image] [I'm an image] Simple plan After some consideration, DoorDash announced Friday that it will go the missionary IPO route. The food delivery company [decided to go with a traditional public offering]( when it comes to market. Its IPO is scheduled for the November to December timeframe. Initially, the Postmates competitor announced back in February that it was considering a direct listing. The game done changed since then, prompting it to go the traditional IPO route, in hopes of raising more cash. This has gotta cut deep for the SPAC crowd... Market value Similar to other delivery companies, DoorDash has seen an uptick in business this year. The company was last valued at $16B [after it raised $400M]( this past June. It boasts a 45% share of the US delivery market and after GrubHub just got purchased for $7.3B, it is hoping to raise a sh*t ton of cash with the IPO. The only problem? DoorDash isn’t profitable yet. Despite raising $2.4B in venture funding since 2013, the delivery service hasn’t made it into the black... although estimates expect it to break even for the quarter ended June 30. They must use the same PR firm as Uber. The bottom line... DoorDash faces some stiff competition in the delivery market, but it also faces some challenges from Johnny Law. While the current AB5 bill that has Uber and Lyft in a pickle in Cali only focuses on ride-hailing drivers, the delivery market is expected to be next. If the company has to add “paying delivery drivers a living wage” to its expenses, it might have a harder time achieving profitability. [Image] There Are 252 Trading Days In A Year Jason Bond Wants To Give You His Best Trade Idea For Each Of Them [Alternate text]( Discover How To Attack The Market Every Trading Day With The Rooster Report [Join Now]( [I'm an image] ☑️Bleeding out. Peter Thiel’s Palantir needs some help before it goes public. Palantir spent [$165M]( last year, marking negative cashflow that was more than triple the previous year. It is 2020, anything can happen. As it bled money, the company only brought in $742M in revenue. When accounting for sales, marketing, and research, the company’s losses were $579M. Almost half of that went to employees in the form of stock-based compensation. Oh, running a secretive business that’s in bed with the government is expensive? Wouldn’t have guessed. Palantir could list shares as early as September. ☑️In with the wrong crowd. The US Virgin Islands are [expected]( to subpoena billionaire investor Leon Black over his relationship with Jeffrey Epstein. You know, the guy who definitely hung himself. According to reports, Black donated more than $10M to Epstein’s charitable organization and donated another $5M to MIT at Epstein’s request. The subpoenas are looking for financial statements and tax returns from Black Family Partners, Elysium Management, and Apollo Global Management. Black himself had said that Epstein helped him with tax strategy, estate planning and philanthropy, but hasn’t yet gotten into specifics. I’m sure the subpoena will help with that. ☑️Push back. TikTok isn’t taking its potential US ban laying down. The social network said that it will [challenge]( President Trump’s executive order that would ban it from the states if it can’t find an American buyer. Trump’s original order gave TikTok 45 days to find a buyer, while a second-order gave it 90 days to complete the transaction. DJT accused TikTok of being a national and economic security threat to the US, while TikTok had always promised it would never give US user data to the Chinese government… which is exactly what Beijing wanted it to say... ☑️To the cloud! Microsoft is doubling down on its cloud offerings for governments, after winning the $10B JEDI contract with the US Department of Defense. Other governments have shown interest in the company’s digital offerings, and Microsoft started exploring [other options]( after Amazon put the JEDI work on hold with a legal challenge. No one likes a sore loser, Bezos. According to sources, Microsoft could announce its new plans to work with foreign entities by the end of the year. On the news, Microsoft shares climbed 1% after-hours. 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