As DoorDash reports its latest financial results on Wednesday, it’s clear that the 12-year-old company has dominated the restaurant delivery wars in the U.S. over Uber Eats and Grubhub, owning somewhere around two-thirds of the market thanks in part to its prescient move into the suburbs that was supercharged by COVID-19 lockdowns.
That market lead alone has encouraged investors to bid up its stock price to more than $250 a share and a market cap north of $108 billion as of Tuesday. All told, DoorDash shares have more than doubled over the past year.
