INSIDER
DoorDash looking for a valuation of nearly $30B
Read full article: DoorDash looking for a valuation of nearly $30BNEW YORK – DoorDash is looking for a valuation of nearly $30 billion when it takes itself public, reflecting how integral food delivery has become in millions of people’s lives during the pandemic. The company is planning to raise up to approximately $2.8 billion from an initial public offering of 33 million shares. It had a net loss of $667 million in 2019 and $149 million in the first nine months of 2020. The company did turn a profit of $23 million in the second quarter this year, but followed that with a $43 million loss in the third quarter. DoorDash Inc. will list on the New York Stock Exchange under the DASH ticker symbol.
'Soft opening' for census door knocking to begin next month
Read full article: 'Soft opening' for census door knocking to begin next monthORLANDO, Fla. Door knocking by census takers at the homes of people who haven't yet responded to the 2020 census is scheduled to start next month with a soft launch," while a previously postponed count of the homeless will take place in September, U.S. Census Bureau officials said Friday. All census takers will be trained in social distancing and will have personal protective equipment, according to the bureau. The Census Bureau plans to hire hundreds of thousands of census takers to knock on household doors for those who haven't answered the questionnaire. The Census Bureau on Friday also announced the schedule for other operations aimed at counting every person in the U.S. The 2020 census will help determine how many congressional seats each state gets as well as how $1.5 trillion in federal funding will be distributed.