Considering we have a recession incoming food delivery industry should be really affected. As it's a luxury that is easy to cut out.
Also, even if the economy is not that bad as it seems rn, doordash is valued to have consistent 25% growth minimum for its current valuation. And btw the valuation is PLTR level but unlike being a sexy ai miltech company doordash is just a Lil deliver app. So, even without recession seems like an easy short.
However, doordash has been included into snp500 which lead it to grow recently. Though over all doordash is on downward trajectory anyway and rn was just a bull trap.
What do you guys think am I missing something coz rn seems like an no brainer.