Instacart slashes its valuation by nearly 40%

By Jeff Wells Source: Grocery Dive Instacart has slashed its valuation by nearly 40%, to around $24 billion, the company said on Thursday. It had posted a $39 billion valuation last year. The move comes amid slowing growth on Instacart’s marketplace and increasing competition from e-commerce companies like DoorDash. “We [...]

2022-03-28T15:52:33+00:00March 28th, 2022|Tags: , |

Report: Instacart planning $30 billion IPO

Online grocery delivery giant Instacart reportedly is readying an initial public offering valued at about $30 billion. San Francisco-based Instacart has enlisted investment bank Goldman Sachs to lead the IPO, which could be launched in early 2021, Reuters reported, citing anonymous sources. The IPO is being stepped up, Reuters said, [...]

2020-11-17T16:53:42+00:00November 17th, 2020|Tags: , |

Instacart, Amazon employees strike over COVID-19, Macy’s furloughs employees, and Google thanks health care workers in video

Google recently published a video thanking health care workers for fighting the spread of COVID-19. The video, which has been watched nearly six million times in less than two days, is accompanied by this message: As the world faces an unprecedented health crisis, we thank the entire healthcare community for [...]

2020-03-31T15:45:37+00:00March 31st, 2020|Tags: , , , |

Instacart Workers Win Historic Union Election

A group of Instacart employees in the Chicago suburb Skokie voted to unionize with the United Food and Commercial Workers Local 1546 on Saturday—a historic win for the grocery delivery platform. The vote was 10-to-4 in favor of the union, according to workers. "The overwhelming majority of the employees made [...]

2020-02-04T00:15:42+00:00February 4th, 2020|Tags: , |
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