Mark Mahaney Sees a Clearing Event for DoorDash Amid Investment Cycle Concerns

2 months ago

Mark Mahaney

"You know, I I I'd spin it another way or similar to what you just did, John. Investors don't like investment cycles. So I think that's the case with Meta, Dash, Duelingo, Uber. I think there's a few other names in there too. Maybe Pinterest, you know, all those companies that went into and out of this earning cycle and sort of surprise negatively surprised the market by saying we really want to lean into investments first. And I think Door Dash's, you know, to me it's kind of like you just can't be that surprised. They just closed the deal with Deliveroo, they bought the asset to invest in to regrow it and yet the market didn't like it and sold off the stock aggressively. The good news though is that if you believe that it's a good investment cycle, this is your clearing event. This is your chance to get in on a stock. Door Dash hasn't been one of my top longs, but it's something I got to seriously consider now."

Mark Mahaney discusses the current investment cycle, noting that while several stocks are being punished for aggressive future investments, DoorDash presents a buying opportunity as the market has overreacted. He suggests that with the investment cycle now behind, it could be a clearing event to get into the stock at a more attractive price.

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