Live Breaking News & Updates on Doordash Series

It was already a great year for IPOs, but this past week took things to an entirely new level.
DoorDash
(ticker: DASH) and
Airbnb
(ABNB) started the week as private companies last valued at a combined $34 billion. They ended the week as public companies together worth nearly $170 billion. The initial public offerings capture how Covid-19 has fundamentally shifted the economy and the financial markets.
Here’s what we learned from the historic week.
Growth Is the New Value: Investors are desperate for growth, and they don’t care what it costs.
Snowflake
(SNOW) is growing 100% a year, a level it can’t possibly sustain. The data warehousing stock has tripled since its own IPO in September, and it’s trading at 100 times next year’s projected revenue, a figure that’s tough to justify. ....

Tom Siebel , Ericj Savitz , Sandy Miller , Tony Xu , Frank Slootman , Alfred Lin , Jay Ritter , Softbank Vision Fund , University Of Florida , Goldman Sachs , Sequoia Capital , Softbank Group , New Value , All Guesswork , Wall Street , Siebel Systems , Good Week , Doordash Series , Bulls Dont Care About Valuation , Institutional Venture , டோம் சிஎபேல் , மணல் மில்லர் , டோனி ஐயூ , ஆல்ஃபிரட் லின் , ஜெய் ரிடர் , சாப்ட் பேங்க் பார்வை நிதி ,