Doordash

Bozzie · Dec 9, 2020

182? 80% over the allotment..Unreal.
Not a fan of this biz in the least..No options yet as a new IPO but I'd short the fuck out this if I could at this price.
Robinhoobders are going to eat poo poo on this one eventually..50% uptick in biz and I'd say the rush back to dining out is going to be massive...Tough biz and I think the model is flawed.

PoundFoolish · Dec 9, 2020

agree with some of what you said and disagree with some.....but definitely agree this price will go down.

Bozzie · Dec 9, 2020

Well... The market place margins are slivers of slivers up and down the line.
I'd like to see Olo go public for a eventual delivery play.

https://www.pymnts.com/news/investm...go-public-in-2020-with-possible-1b-valuation/

Bozzie · Dec 11, 2020

Pretty interesting model 300+chains involved but has nothing to do with the dreaded "last mile" in delivery...streamlined ordering and increased restaurant margins on take out and its text based...prefect for the next gens
It'll be a decent IPO.

Olo Releases Serve: Food Ordering Refined

Streamlined order creation, speedy checkout flows, and modern design experience replace legacy Olo UX

Serve allows restaurant brands to offer brand direct ordering and delivery without costly commissions. (Photo: Business Wire)

September 30, 2020 12:00 PM Eastern Daylight Time
NEW YORK--(BUSINESS WIRE)--Olo, the leading food ordering platform for the restaurant industry today announced that Serve, its completely refreshed ordering experience, is available for all customers leveraging the Olo platform to serve diners.

“We are thrilled with the enhancements made to the new web online ordering platform”
Tweet this

The public launch of Serve caps off a multi-year R&D initiative and phased deployment of the new framework, designed to modernize the fully branded Olo white-label experience. Take a tour of Serve >>
Brands that have already completed migration to the Serve interface are seeing higher order subtotals and conversion rates. Serve is a fully responsive web experience designed to optimize the UX for guests on any device, replacing multiple iterations of Olo’s legacy UX.
“We built Serve with the knowledge of studying how millions of people place their food orders every week,” said Theresa Schaefer, SVP of Product & Design at Olo. “The prevailing consumer insight we’ve always come back to is that speed and menu navigation top the list for a successful transaction.”
“As a long-time Olo customer, we’re thrilled to see all the ongoing investment in the platform,” said Nick Scarpino, SVP of Marketing & Off-Premise at Portillo’s Hot Dogs. “With Serve, we are able to take advantage of continuous platform updates without the need to manage ongoing development.”
Customers utilizing Serve are able to upgrade their branded digital storefront with:

Faster ordering and checkout: Consolidated order flows have reduced the time to complete an order by 5 seconds on average.
Redesigned menu with higher ticket potential: Brands with the new menu design have seen conversion rates increase by 6% on average.
New ways to customize products: We’ve reduced UI complexity for some of the most elaborate menu interactions, offering new ways to present modifiers (e.g. sliders, steppers, dropdowns, etc.), resulting in a reduction of three fewer customer interactions per order on average.

“In building Serve, we focused on two key challenges: driving order profitability for our customers while getting food faster to their guests,” said Janna Sheng, Associate Director of Product Management at Olo. “Building an entirely new front-end experience that is able to scale on top of a complex ordering platform is not easy. With this new experience, we are now looking forward to being able to iterate and release long-awaited-for enhancements more quickly than we ever could before. We’re incredibly proud of what we’ve released with Serve.”
Serve is built to interact with other areas of the Olo platform and includes various handoff methods (Dispatch delivery, Point of Sale (POS) integration, and more).
“At Nekter Juice Bar, it is crucial for us to give the best possible digital experience, regardless of device, so we are very excited about Olo's launch of their new responsive online ordering experience,” said Jon Asher, VP of Digital Marketing at Nekter Juice Bar. “This update will make it even faster and easier for our guests to get their favorite freshly-made juice, smoothie or acai bowl, wherever they are and whatever device they are using!”
“We are thrilled with the enhancements made to the new web online ordering platform,” said Sylvia Becker, Senior Director of Media Services at FIC Restaurants, Inc. “It has an updated visual layout and optimal user flow for an improved guest experience.”
“More than ever, users are ordering online and on the move. Without the Team Members there to assist, we rely on our online ordering platform to be consistent and convenient for our Guests. Serve brings a user-friendly ordering experience that looks and feels familiar as the site adapts whether you’re on a desktop, laptop, or mobile device,” said Dylan Briotti, Director, Brand Strategy & Creative at Jake’s Franchising LLC.
Serve is a platform enhancement available today for all Olo customers at no added cost.
About Olo
Olo powers digital ordering and delivery programs that connect restaurant brands to the on-demand world, placing orders directly into the restaurant through all order origination points – from a brand’s own website or app, third party marketplaces, social media platforms, smart speakers, and home assistants. Olo serves as the on-demand ordering and delivery platform for over 300 brands, such as Applebee’s (DIN), Checkers & Rally’s, Cheesecake Factory (CAKE), Chili’s (EAT), Dairy Queen, Denny’s (DENN), Five Guys Burgers & Fries, Jamba Juice (JMBA), Noodles & Company (NDLS), Portillo’s Hot Dogs, Shake Shack (SHAK), sweetgreen, Wingstop (WING), and more. Learn more at www.olo.com. SKIP THE LINE®

Bozzie · Dec 11, 2020

Or you have to wonder who buys them out....at a billion+

CoachCB · Dec 11, 2020

How about airbnb? What a joke! It shot up 120% after the opening.

I actually have an airbnb property, we've made really good money on it (a small cabin in the Virginia mountains, about 2 hours from DC). But airbnb constantly loses money. I don't get it.

METFAN · Dec 12, 2020

all marketing..restaurants will reopen and quit frankly anyone can create a similar business.Door Dash barely has my than 2 x the value as Grub Hub which u can buy for ,$70.00/sh.I am staying away.

Much better recent IPOs
RMG
SBE..charging stations

PoundFoolish · Dec 12, 2020

ya'll want a food delivery stock to make money with...it's WTRH. I've made out well.

Bozzie · Dec 15, 2020

CoachCB said:
How about airbnb? What a joke! It shot up 120% after the opening.

I actually have an airbnb property, we've made really good money on it (a small cabin in the Virginia mountains, about 2 hours from DC). But airbnb constantly loses money. I don't get it.

Yeah weren't they about to trim people just before March price drop? ... long I don't mind Airbnb.
If I was going to buy any of these IPO's I'd buy in 1/6 increments over 6 months but I'd wait more than a month before I'd start buying the first 1/6.... Soft averaging in with dry powder gives you options..Money management sorta like gambling in a way.

Bozzie · Dec 15, 2020

This copied strangely

Airbnb and DoorDash Sink After Analysts Warn on Valuations
By Jeran Wittenstein
December 14, 2020, 8:17 AM PST Updated on December 14, 2020, 9:59 AM PST

Airbns's IPO listing at the Nasdaq MarketSite on Dec. 10. Photographer: Victor J. Blue/BloombergLISTEN TO ARTICLE

1:In this article

ABNB
AIRBNB INC-A
126.16
USD
-3.84-2.95%

DASH
DOORDASH INC-A
156.82
USD
-3.18-1.99%

Airbnb Inc. and DoorDash Inc. fell on Monday after a pair of Wall Street analysts warned that first-day trading surges last week left their market valuations at precarious levels.
Airbnb’s valuation is “more than stretched” when compared with other travel peers, research firm Gordon Haskett said in a note downgrading the stock to underperform from buy.

Similarly, D.A. Davidson said DoorDash’s price

leaves little room

for performance “hiccups” over the next year. The firm cut its rating to neutral from buy. Both stocks fell at least 10% on Monday.

Airbnb and DoorDash both soared on their first day of trading following initial public offerings last week, prompting debate about the pricing process and offering the latest sign of stock market exuberance. DoorDash jumped 86% on Dec. 9, only to be topped the following day by Airbnb’s 113% advance.

Airbnb was trading around 15 times 2022 revenue estimates, compared with an average of four times for online travel agency peers, Gordon Haskett analyst Robert Mollins wrote.

Analysts at firms that underwrote the IPOs won’t publish research before a quiet period expires Jan. 4. Of the five analysts tracked by Bloomberg that cover Airbnb, two have buy ratings, one a hold and two say sell. DoorDash has one buy, three hold ratings and no sells.— With assistance by Janet Freund, and Drew Singer

CoachCB · Dec 15, 2020

I can't see either of these two staying close to where they are. They're probably 50+% overvalued. It sure would have been nice to be able to buy at the opening price though!

PoundFoolish · Dec 15, 2020

ya'll not listening to me. WTRH is the food delivery stock to purchase.

Bozzie · Dec 16, 2020

PoundFoolish said:
ya'll not listening to me. WTRH is the food delivery stock to purchase.

Looks good.. Last mile companies make me nervous unless they control the procurement, sales, payment and then delivery..Delivery is a tough nut to crack efficiently. I read a few stories but couldn't totally understand the model completely... they have a payment arm too?
Plus I wonder what sorta food selections would be available in less server areas and how often you'd go to a limited source.
Analysts like it.

Good luck if you invest in it.

PoundFoolish · Dec 21, 2020

Bozzie said:
Looks good.. Last mile companies make me nervous unless they control the procurement, sales, payment and then delivery..Delivery is a tough nut to crack efficiently. I read a few stories but couldn't totally understand the model completely... they have a payment arm too?
Plus I wonder what sorta food selections would be available in less server areas and how often you'd go to a limited source.
Analysts like it.

Good luck if you invest in it.

I have made really good $ with this stock since March.

CoachCB · Dec 21, 2020

PoundFoolish said:
I have made really good $ with this stock since March.

I bought some of it, it's been stagnant the last few days. Hoping it pops.

PoundFoolish · Dec 22, 2020

CoachCB said:
I bought some of it, it's been stagnant the last few days. Hoping it pops.

possibility they will be bought out...most likely by DD

CoachCB · Dec 22, 2020

PoundFoolish said:
possibility they will be bought out...most likely by DD

Is that good? It's down a little, but I'm not too worried (yet).

PoundFoolish · Dec 22, 2020

CoachCB said:
Is that good? It's down a little, but I'm not too worried (yet).

yes

snoop · Dec 23, 2020

They can't make any $ during the pandemic how are they going to make any $ when everything goes back to normal? Trying to value a company feel like a fool's errand these days. The more $ a company is losing, the bigger the market cap it's going to get. When Tesla surpassed GM market cap last year, everyone was screaming 'BUBBLE', a year later it's now 10X GM.

Any company with a fancy 'TECH' attached to it will automatically be in a $100B+ club, that's a new normal market functioning nowadays.