fulfill orders, now builds that into the app joining us now, doordash co-founder, chairman and ceo, tony xuny good to see you big day. you're delivering groceries for humans, for pets, delivering in japan, but i want to start with grocery. you've been doing this for a while already as a white label what did you learn from that experience that goes into this model? >> good to be with you, jon. thanks for having me you know, we learned now for three years after first starting our entry into grocery with whitelabel delivery powering the likes of albertson's, walmart, hybee and others, grocery delivery is at its infancy. what the pandemic did is it accelerated the need to get more and more things inside the neighborhood brought to you. that's why we're super excited about today's announcement and which we're launching nationwide with all of albertson's stores and their entire catalog >> so, tell me, tony, how different is the business model for grocery from the recently revised model that you have for restaurant delivery? you recently broke it down to expose different pricing tiers, where it is

tony xu was rewarded with restricted shares initially valued at $400 million he made $415 million inre profitable yet, but it has not stopped investors from pushing shares well above their listing prices guys >> one more thing. that is a spate of spacs for palihapitiya he is filing four new ones to focus on biotech he is trying to merge two of his original six spacs he completed mergers for sofi, clover, opendoor and virgin galactic all of this goes to show there's money out there if you can get it >> yep we'll see. it would be fascinating, dee, if we got a bounce in spac volume the way virgin galactic bounced from 17 to 33. >> you know, there's money out there, but are there enough companies, right i won'ter how he will raise money, if he has to sell his existing holdings, carl, which has been a touchy subject. >> yes we look forward to maybe hearing from him directly in the coming days it will be an eventful 24 hours in the market. not only do we have dock yu sign and lulu tonight, but tomorrow others will join us to talk about earnings in addition to the jobs numbers tomorrow whic