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

LootboxPhobia · 2026-02-23T15:24:06+00:00

The report released by Citirini Research explores the potential economic risks brought about by the rapid development of AI, predicting that by 2028, the white-collar unemployment rate could reach 10.2%. As a result, the stock prices of several tech companies have fallen, with DoorDash considered particularly vulnerable. The report emphasizes the impact of AI on business models and its potential ripple effects.

LootboxPhobia

2026-02-23 15:24:06

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 the 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%.

This report by Citirini Research was written from a hypothetical June 2028 perspective, outlining a scenario: accelerated AI capabilities trigger widespread white-collar unemployment, leading to what is called a “global intelligence crisis.” The analysis clearly labels itself as a scenario rather than a prediction, examining the potential economic chaos if AI continues to proliferate at the current pace.

The report details a hypothetical time series beginning in late 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%, while also cutting 15% of its staff.

This scenario extends to consumer-facing platforms, implying that 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 that as AI agents compare prices across multiple platforms for each transaction, habitual application loyalty will disappear.

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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