Dystopian AI report deals a heavy blow to DoorDash and software stocks

NightAirdropper · 2026-02-24T08:26:37+00:00

DoorDash, Uber, and other companies' stock prices fell due to a report by Citirini Research on the potential unemployment crisis caused by AI development. The report explores possible economic chaos in 2028, with a particular focus on the impact of white-collar unemployment and changing consumption patterns on the market.

NightAirdropper

2026-02-24 08:26:37

Abstract generation in progress

Investing.com - DoorDash stock fell 7% on Monday, Uber declined 3%, Salesforce dropped 4%, MongoDB decreased 6%, and ServiceNow fell 4%. Previously, Citirini Research released a dystopian scenario analysis report exploring potential risks associated with the rapid development of AI.

Visa and Mastercard also experienced declines, each dropping over 2%.

As the report circulated among investors, the iShares Expanded Tech-Software Sector ETF (IGV) fell 3.6%.

Citirini Research’s report was written from a hypothetical June 2028 perspective, outlining a scenario where accelerated AI capabilities trigger widespread white-collar unemployment, leading to what they call a “global intelligence crisis.” The analysis clearly labels this as a scenario, not a prediction, examining the potential economic chaos if AI continues to proliferate at the current pace.

The report details a hypothetical timeline starting at the end of 2025, when proxy coding tools enable developers to replicate mid-market SaaS products within weeks, putting pressure on enterprise software pricing and renewal rates. The report predicts that ServiceNow will report a 14% net new ACV growth in Q3 2026, below 23%, with a 15% layoff rate.

This scenario extends to consumer-facing platforms, suggesting AI agents could eliminate friction-based business models by continuously optimizing purchasing, travel bookings, and insurance renewals. DoorDash is considered particularly vulnerable, the report notes, as AI agents compare prices across multiple platforms for each transaction, eroding habitual application loyalty.

The analysis forecasts that by June 2028, the unemployment rate could reach 10.2%, with white-collar unemployment mainly concentrated among workers who drive a significant portion of consumer spending. The report outlines potential ripple effects from private credit markets (especially private equity-backed software deals) and questions mortgage underwriting assumptions, as these may no longer be valid if borrowers’ income expectations undergo structural shifts.

Citirini Research emphasizes that this article aims to explore a left-tail risk scenario in the process of AI reshaping the economy that has not been fully examined.

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