DoorDash files to go public
Last Thursday, DoorDash announced its first step towards a public offering, CNBC reports. Valued at nearly $13 billion, the company just filed initial paperwork with SEC. At the same time, New York City announced six bills targeted at delivery services, including a 10 percent cap on fees paid by restaurants. The company is also facing several other legal battles around its tipping model and a California law that could label its workers as employees. A success for DoorDash’s IPO would also be a win for SoftBank, a large investor in the company, which has held off on major spending in the months since WeWork’s IPO crumbled.
