This post was originally published on this site
DASH announced its official launch in Japan on June 9, 2021, and announced its partnership with Beyond Meat, Inc. (NASDAQ:BYND) later that month. However, the stock has lost 4.2% in price over the past six months and is currently trading 25.2% below its $256.09 all-time high, which it hit on January 27.
DASH’s wider-than-expected loss in the second quarter has been worrying investors. Also, the company anticipates a seasonal decline in new consumer acquisition and order rates in the third quarter. In addition, it continues to face intense competition from other players in the industry, such as Uber Technologies, Inc.’s (NYSE:UBER) Uber Eats, and from retail giants such as Amazon.com, Inc. (NASDAQ:AMZN) and Walmart Inc. (NYSE:WMT) that rely on their employees for delivery services. So, DASH’s near-term prospects look bleak.
