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Culper goes short DoorDash citing ‘unauthorized’ contract workers

Culper Research announced a short position in DoorDash (DASH). The firm believes the company “has quietly onboarded unauthorized and unvetted contract workers at a scale that is both unprecedented in U.S. corporate history and unique to the Company.” Culper estimates unauthorized Dashers have since become responsible for 26% to 57% of company-wide deliveries. Shares of DoorDash are up 1% to $254.98 in morning trading.

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