Jim Cramer: Short selling DoorDash is a bad trade
2026-08-16 05:40:55
According to CoinMeta, during the discussion of the financial reporting season, Jim Cramer stated that going short on DoorDash, Inc was a bad move. The company's stock price has fallen by 12.5% in the past year and by 1.3% since the beginning of this year. On August 6th, the company's stock price rose by 2.9% after the release of its second-quarter financial report. Cramer pointed out that DoorDash had strong performance in the second quarter, with operating cash flow and free cash flow increasing by 87% and 109% respectively, to $944 million and $742 million. Order volume reached 970 million, and revenue grew by 36% to $4.45 billion. Nevertheless, DoorDash's net income decreased by 30% to $200 million, and research and development expenses increased by 52% to $535 million. The company may face regulatory pressures related to minimum wage requirements and challenges from inflation.
Source:Internet
This content is for market information only and does not constitute investment advice.
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