This episode explores the earnings reports and market valuations of Palantir, Celsius, and DoorDash. The discussion begins with Palantir, highlighting its impressive revenue growth and cash flow, while also noting concerns about declining international commercial revenue and its extremely high valuation relative to earnings and sales. Against the backdrop of Palantir's valuation, the conversation shifts to Celsius, where sales declines in North America and increased promotional activities raise concerns despite international growth and the Alani Nu acquisition. As the discussion pivoted to DoorDash, the hosts acknowledge its continued growth post-COVID, with orders and revenues up, but question the company's recent acquisitions of Deliveroo and Seven Rooms, particularly the latter. For instance, the acquisition of Seven Rooms, a restaurant reservation service, raises questions about strategic fit and necessity given DoorDash's existing business model. The episode concludes by reflecting on the balance between growth stories and mature company strategies, and emerging industry patterns reflected in DoorDash's aggressive scaling to compete with Uber Eats.
