DoorDash Settlement is an Afterthought as the Stock Roars towards $240

The most recent Doordash settlement is still blowing my mind.

If you’re unfamiliar, food delivery platform DoorDash (NASDAQ: DASH) was found guilty of misleading both customers and delivery drivers by using tips intended for drivers to subsidize their guaranteed pay.  

They basically stole their drivers’ tips.  And now, the company has to pony up $65 million.

You know, you really have to be a special kind of asshole to steal from delivery drivers.  Many of whom can just barely afford to eke out a living while working 12-hour shifts, 6 days a week.

Of course, DoorDash will be just fine.

The company recently announced solid Q4 earnings, and analysts increased price targets to around $240 a share.  That’s a potential 20% gain based on current levels.

Worth noting: had you picked up a few shares of DASH just two years ago, you’d be up around 233% today.  Not too shabby.

While I’m still disgusted by the fact that DoorDash cheated their drivers out of their own tips, the reality is that shareholders are still in a good place with the stock.  

DoorDash Settlement Will Soon be Forgotten

As much as I hate to say it, what DoorDash did to its drivers will soon be forgotten.  And life will go on.  Because make no mistake: while one underhanded con fades away into the abyss of history, new ones appear.  

In fact, while the lawyers were putting the finishing touches on that DoorDash settlement, North Korean hackers pulled off the largest cryptocurrency heist in history.  To the tune of $1.5 billion!

That news sent the crypto market into a tailspin.  Indeed, the retail sector was once again reminded that crypto still has some very serious security issues.  But that doesn’t matter much.  Because the big money — the hedge funds, the angel investors, the institutions — are all still going full steam ahead with crypto. 

In fact, shortly after Bitcoin slipped below $90,000 as a result of that big crypto heist, the following happened…

• Citadel Securities announced it was looking to become a liquidity provider of cryptocurrencies.
• Crypto asset manager Bitwise announced that it raised $70 million to strengthen its balance sheet and expand its investment capabilities.
• El Salvador and Metaplanet bought on the dip and significantly increased their Bitcoin Holdings.

Volatility is likely to continue in the near term.  But don’t lose sight of the fact that the crypto market has historically done pretty well during times of macroeconomic shocks.  This will continue to hold true over the long-haul.  

Perhaps this doesn’t cushion the blow for those sitting on crypto losses. But that’s actually the reason we continue to suggest profiting from our Bitcoin Loophole Strategy. 

The Bitcoin Loophole Strategy allows you to profit from the companies that let you trade crypto.  Buying or selling crypto: someone has to process these transactions.  And that’s where you’re going to get the most bang for your buck.  

One processor that we’ve been playing for awhile now has actually delivered gains as high as 6,700%.  Which can be verified here.  

Indeed, I do remain bullish on DoorDash.  But if you’re not at least wetting your beak with this new Bitcoin Loophole Strategy, too, you’re leaving piles of money on the table.  And if you don’t believe me, just look at the evidence for yourself.