These are the reasons for the ongoing slide in prices

Dusseldorf It’s a crash that’s almost unprecedented. “Last time I only experienced something like this at Wirecard,” exclaimed one analyst spontaneously. After a drastic sell-off of around 30 percent the previous day, Delivery Hero shares continued their descent on Friday.

In the evening, the share closed down 11.8 percent at EUR 41.00. The daily low of 40.29 euros was a little lower – this is the lowest level since mid-2019.

Investors are increasingly losing confidence in the prospects of the food delivery service. Within less than a year, the price of 140 euros at its peak has now melted down.

Delivery Hero has lost around 5.7 billion euros in market value since the closing price on Wednesday – and is now worth less than three years ago. Practically never before has a Dax group experienced such a withdrawal of love.