DoorDash makes IPO filing public, $1.9 billion revenue so far in 2020

  • DoorDash on Friday released its filing to go public.
  • The delivery company said in the filing that in the first nine months of this year it generated a $149 million loss on revenue of $1.9 billion, compared with a $667 million loss on $587 million in revenue the year before.
  • “Helping brick-and-mortar businesses compete, succeed, and flourish in these rapidly changing times is the core problem we are trying to solve,” CEO Tony Xu wrote in a letter.
  • Visit Business Insider’s homepage for more stories.

DoorDash is going public.

The San Francisco-based delivery company on Friday filed a Form S-1 for an initial public offering with the Securities and Exchange Commission. DoorDash will trade under the symbol DASH.

DoorDash said in the filing that it saw an explosion of business in 2020 and shrinking losses during the pandemic. In the first nine months of this year, it generated a $149

Read More

Food Delivery Is Magical Thinking

This article is part of the On Tech newsletter. You can sign up here to receive it weekdays.

The food delivery company DoorDash on Friday offered the public its first full look at the company’s business and finances. It was mostly not pretty, and it was laced with magical thinking.

The great myth of U.S. food delivery apps like DoorDash, Uber Eats and Postmates is that these operations will someday become gloriously efficient. This belief is luring people and businesses into digital habits that may be unsustainable mirages, and preventing alternative food delivery ideas that could actually work better for everyone involved.

The grand idea behind food delivery services posits that, at some point, kitchens will churn out perfectly prepared and packaged meals that they hand off seamlessly to the app delivery couriers without them having to lift a finger or idle in their cars.

So many Americans will order

Read More

iPhone 12 and 12 Pro Users Complain of Missing SMS Text Messages and Message Notifications

Since the release of the new iPhone 12 models, many new iPhone owners have been running into problems with the Messages app. There are complaints from users who aren’t seeing SMS messages from friends, are missing text messages in group chats, and who aren’t getting notifications when text messages are incoming.


It’s not clear if this is a problem that’s related specifically to the ‌iPhone 12‌ models or if it’s a wider issue with iOS 14.1 and iOS 14.2, but the majority of complaints appear to be from ‌iPhone 12‌ owners.

Those who are experiencing missed SMS messages are simply not seeing some text messages that are sent from Android devices, as MacRumors reader FraXis describes:

But I just upgraded to an ‌iPhone 12‌ (coming from an iPhone 11 Max Pro), and I am in a group message with my kids. One of my kids is an Android user. Last

Read More

C3.ai, machine learning startup backed by software pioneer Tom Siebel, files for IPO

image.jpg

Tom Siebel, an early employee of database giant Oracle, later a billionaire after selling his eponymous software firm to Oracle, says his new venture, C3, is bigger than either of those.  

C3.ai, the artificial intelligence services company founded by software pioneer Tom Siebel, Friday evening filed for an initial public offering of $100 million worth of its shares, led by investment banks Morgan Stanley, JP Morgan, and Bank of America.

C3 plans to list under the ticker “AI” on The New York Stock Exchange. The number of shares to be offered and the price range for the proposed offering have not yet been determined, C3 said.

Siebel, who was recruited to database giant Oracle in 1983, later founded the eponymous enterprise customer relationship management software firm in 1993. He sold that company to Oracle in 2006 for $5.85 billion, and went on to found C3 in 2009. 

C3 came out

Read More

The Future’s Top Workplaces Will Rely on Manager Development

Story Highlights

  • Management practices haven’t kept up with changing workplace demands
  • Disengaged employees cost the U.S. $960 billion to $1.2 trillion per year
  • Strengths development, not skills training, is what managers need

The needs of employees — and the demands of the workplace — have changed dramatically. And for the most part, the practice of management hasn’t kept up at all. In fact, many “traditional” management practices aren’t relevant anymore. Or even advisable.

They do waste a lot of economic value: Gallup estimates that the cost of poor management and lost productivity from not engaged or actively disengaged employees in the U.S. is between $960 billion and $1.2 trillion per year. Globally, the cost of poor management approaches $7 trillion — or 9% to 10% of the world’s GDP.

Leaders probably don’t notice the trillions even while they’re going down the drain. That’s because traditional management practices

Read More

Possible PS5 Restock At PlayStation Direct As Online Queue Begins

The PS5 is out now, marking the beginning of a new generation of gaming for PlayStation fans. The PS5 and PS5 Digital, which retail for $500 and $400, respectively, have been near-impossible to find in stock since they first went up for preorder in September. We saw the PS5 come back into stock for launch, with many stores restocking right at midnight ET and Walmart offering four different restocks throughout the day (each of which sold out within minutes). With launch day behind us, fans still looking to secure the next-gen console are likely wondering when they’ll be able to buy the PS5 next. Here’s what you should know if you want to buy a PS5 in the near future.

The PS5 will be back in stock on Black Friday 2020

If you didn’t manage to buy the PS5 at launch, don’t give up hope just yet. PlayStation Direct currently

Read More

DoorDash IPO filing shows massive growth, but lots of risk

doordash-decade-review-2893

DoorDash is headed to Wall Street.


Angela Lang/CNET

Food delivery service DoorDash on Friday filed paperwork with the US Securities and Exchange Commission for an initial public offering. The S-1 filing, more than 200 pages long, shows that the company reported $1.9 billion in revenue for the nine months that ended Sept. 30, up from $587 million during the same period last year. 

The company also reported a net loss of $149 million in the first nine months of this year, which is less than the $533 million net loss it reported during the same time in 2019.

The past few months have been booming for DoorDash, as the novel coronavirus has caused people around the world to shelter-in-place and stay indoors. The company has gained millions of

Read More

Pfizer Vaccine, Disney Streaming, and Apple Chips on Cheddar

From Wall Street to Silicon Valley, these are the top stories that moved markets and had investors, business leaders, and entrepreneurs talking this week on Cheddar.

PFIZER’S VAX STUNNER

U.S. markets notched another winning week, propelled higher on Monday’s stunning news that Pfizer’s coronavirus vaccine trial is showing at least 90 percent efficacy in preventing infection. Pfizer, together with its partners at the German biotech firm BioNTech, are continuing Phase 3 trials, hoping for regulatory approval in the coming weeks. If that happens, it would be the biggest medical breakthrough in a century — a vaccine made from scratch in under a year — ready to be rolled out to millions of people via a complicated dance of shipping logistics, public-private cooperation, and, importantly, patience. Moderna, which is also at work on a vaccine using the same type of mRNA technology as Pfizer, is expected to release interim results from
Read More

Time Sensitive Networking Market : Dynamics, Segments, Size and Demand Analysis

The MarketWatch News Department was not involved in the creation of this content.

Nov 13, 2020 (AmericaNewsHour) —
Global Time-Sensitive Networking Market to reach USD 928.55 billion by 2025. Global Time-Sensitive Networking Market valued approximately USD 29.2 billion in 2017 is anticipated to grow with a healthy growth rate of more than 54.10% over the forecast period 2018-2025. The major driving factor of global Time-Sensitive Networking market are Development of Institute of Electrical and Electronics Engineers (IEEE) standards for deterministic ethernet, increasing adoption of IOT for automation and real time delivery of Ethernet Traffic. One of the major restraining factor of global time-sensitive networking market is the inability of TSN standards to provide customized solution. Time-Sensitive Networking (TSN) is a set of standards under development by Time Saving Networking task group of the IEEE 802.1 working group. TSN enables collection real of time data to perform analytics, gain operational insights

Read More

Taking the mystery out of custom extensions in RISC-V SoC design

Talk of configuring a base processor or adding custom extensions to resolve hardware-software design tradeoffs in a system on chip (SoC) is not new. This has been a key part of the value proposition espoused by the RISC-V community, with much information publishe don its benefits, like this one, “A guide to accelerating applications with just-right RISC-V custom instructions.”

In designing a system for many products today, power consumption, performance and die area constrain a lot of the complex artificial (AI) and machine learning (ML) SoC requirements.

Extending the open-source RISC-V instruction set architecture (ISA) is often overlooked as an effective means to address these constraints. A recent webinar panel led by Quantum Leap Solutions, a design services company for the semiconductor industry, attempted to help take the mystery out of extending the RISC-V ISA for SoC designs. The webinar entitled “RISC-V Flexibility – The Power of

Read More