DoorDash, an industry darling after racing to huge market share gains in 2019, has likely seen its valuation shrink from $13 billion. That’s because DoorDash’s U.S. revenue isn’t much more than Grubhub’s, according to credit card data from Second Measure.
DoorDash, which fits right into SoftBank’s road map to dominate the future of transportation, earned 34% of U.S. market share in September ahead of GrubHub and Uber Eats, according to data analytic company Second Measure.
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