Well done

[The beef 675] “Pizza delivery guys walked so DoorDashers could run.” - Jeff Hey there carnivores, Markets dropped yesterday in the absence of any real positive news about a stimulus deal. And today we’re talking DoorDash. Keep raging, Jeff & Jason It’s lit DoorDash took its talents public yesterday. Shares of double D [opened up]( trading at $182 per share, well above the announced price of $102, valuing the company at a whopping $57.8B. And that was after the meals on wheels indicated on Tuesday night that it would hike its list price from the initial range of $90 to $95. What did investors like? Well, DoorDash is food delivery royalty. It lays claim to nearly 50% of the domestic food delivery market and more than tripled its revenue in the 9 months ended September 30, 2020 vs. the same period in 2019. Over the same period it also managed to narrow its loss from $533M to $149M. Of course, it might not have had anything to do DoorDash at all. IPO FOMO is very real at the moment. How bad is it? Well, consider this: Uber is trading at 8x revenue. DoorDash is trading at 16x revenue. So who were the big winners? Well, for starters: the founders. The three Stanford bros, who delivered the first meal themselves, are “swimming” in money. Each is [worth]( more than $2.8B. Here come the "5 Tips For Startup Success from the Billionaire Founders of DoorDash" articles on CNBC. But the founders weren't the only big winners yesterday. Sequoia Capital owns a 16% stake and Softbank owns a 20% share. Turns out tech derivatives weren't the only bets Masa Son was making. Softbank invested $680M over four rounds in DoorDash. Its [return](? A cool $17B. The bottom line... The best part? We get to do it all over again today. Last night fellow unicorn, Airbnb, did its best DoorDash impression, [pricing its shares]( at $68, above the original range of $56 to $60 per share. That values the company at $47B. And for its next trick... opening well above $68 and making its founders, early employees and investors filthy rich. Sponsored: If you’re looking for some live training and trading action today then we’ve got you covered. Join the Bullpen today between 8 AM to 4 PM ET.[It’s free to watch](](. Let's just pretend this never happened GE will [fork over]( a $200M penalty to Johnny Law after the SEC found that it had misled investors. The accusations? That the company misrepresented how its power business was making money (spoiler: it was selling receivables to GE Capital) and it wasn't totally upfront about the level of risk associated with its insurance biz. Read: it was zero percent transparent. GE was eventually forced to pony up more than $15B to shore up its insurance reserves. Ok, so maybe the Shortseller Enrichment Commission got this one right... Done deal "Funding secured." - the House of Representatives It looks like it's finally about to happen, you guys. Congress is going to [get a deal done](. The bill passed through the House easily and Majority Leader Mitch McConnell said he is on board and will present it to the Senate for approval as soon as today. Oh, did we mention that this is just a one-week government funding extension? Think of it like asking the professor for more time on an exam... but there are trillions of dollars on the line. Next week lawmakers plan to finalize a $1.4T bill that will fund the government through September of 2021 and avoid a shutdown on Saturday. The only hold up? How exactly to spend it all. Our elected officials (that's right, we're all to blame) would also like to sneak a $900B-ish stimulus package into next week's bill. Of course, on Tuesday both sides rejected each other's proposed deals. Venti Luckin's more trustworthy American cousin (read: Starbucks) held its biennial investor day on Thursday... and maybe the company should consider holding it once a year... Starbucks had a whole lot of good news to share. The company [reiterated]( its 2021 EPS estimate of $2.70 to $2.90. But it was the long term prospects that really got investors fired up. The Seattle baristas are expecting EPS growth of 10% to 12% in 2023 and 2024. And it plans to grow its footprint from 33k outlets currently to 55k by 2030. That is, assuming a pandemic doesn't f*ck up its plans. Shares of $SBUX rose 3.5% after hours on the announcement(s). The stock is up 18% this year despite many people choosing to caffeinate in the safety of their own home. *Results presented are not typical and may vary from person to person. Please see our full disclaimer here: ragingbull.com/disclaimer RagingBull, LLC 62 Calef Hwy. #233, Lee, NH 03861 DISCLAIMER: To more fully understand any Ragingbull.com, LLC ("RagingBull") subscription, website, application or other service ("Services"), please review our full disclaimer located at [(. 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