Q: What is Payfare worth after losing their biggest client, Doordash?
5i Research Answer:
This is big news for PAY as some analysts believe that DoorDash is more than 50% of the company's revenue. The contract is set to end in early 2025. We will need some time to consider what it will be worth now, but the stock took a dive this morning down to $2 and this is clearly a material change for the company.