Instacart

Technology

Memo and sources: Instacart told employees that its Q4 revenue increased 50%+ YoY, Q4 gross profit rose 80%+ YoY, and 2022 revenue grew 39% YoY to ~$2.5B (Wall Street Journal)

[ad_1] Wall Street Journal: Memo and sources: Instacart told employees that its Q4 revenue increased 50%+ YoY, Q4 gross profit…

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Technology

Instacart is pulling its plans to go public in 2022; the company confidentially filed for an IPO earlier this year (Dan Primack/Axios)

[ad_1] Dan Primack / Axios: Instacart is pulling its plans to go public in 2022; the company confidentially filed for…

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Technology

Sources: Instacart is pulling its plans to go public in 2022; the company confidentially filed for an IPO earlier this year (New York Times)

[ad_1] New York Times: Sources: Instacart is pulling its plans to go public in 2022; the company confidentially filed for…

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Technology

Sources: Instacart slashed its internal valuation to ~$13B, its third cut this year, as it seeks to reset investor expectations ahead of an IPO (Erin Woo/The Information)

[ad_1] Erin Woo / The Information: Sources: Instacart slashed its internal valuation to ~$13B, its third cut this year, as…

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Technology

Instacart announces its Connected Stores ecosystem, including a smart Caper Cart that lets shoppers self-checkout by detecting items placed inside it (Umar Shakir/The Verge)

[ad_1] Umar Shakir / The Verge: Instacart announces its Connected Stores ecosystem, including a smart Caper Cart that lets shoppers…

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Technology

Sources: Instacart plans to mostly sell employees' stock during its IPO to help staff cash out, issuing a small number of shares and limiting the amount raised (Wall Street Journal)

[ad_1] Wall Street Journal: Sources: Instacart plans to mostly sell employees’ stock during its IPO to help staff cash out,…

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Technology

Filings and holdings data at the end of April show Fidelity Investments cut the valuation of Instacart by 50%, Reddit by 33%, ByteDance by 13% and Stripe by 13% (Bloomberg)

[ad_1] Bloomberg: Filings and holdings data at the end of April show Fidelity Investments cut the valuation of Instacart by…

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Technology

Instacart plans to slow hiring as it prepares for its IPO, after hiring over 1,500 staff in 2021; Instacart cut its valuation by 40% to $24B in March 2022 (Michael Tobin/Bloomberg)

[ad_1] Michael Tobin / Bloomberg: Instacart plans to slow hiring as it prepares for its IPO, after hiring over 1,500…

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Technology

Sources: Instacart has confidentially filed documents for an IPO, which could happen as soon as this year though the timing could slip (Crystal Tse/Bloomberg)

[ad_1] Crystal Tse / Bloomberg: Sources: Instacart has confidentially filed documents for an IPO, which could happen as soon as…

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Stock Market

Grubhub Owner Jet Could See Broader Engine Failure

[ad_1] Grubhub owner Just Eat Takeaway.com’s TKWY 3.87% share price fell nearly 70% over the past year. Trimming the fat…

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