Instacart Cuts Valuation by Nearly 40% - The Wall Street Journal

The food-delivery company, which thrived when pandemic lockdowns took hold, dropped its valuation to $24 billion, compared with $39 billion about a year ago.

Instacart Inc. said it has cut its valuation by about 38% to $24 billion, illustrating the difficulties of competing in the delivery market. The San Francisco company said the valuation reflects the… [+198 chars]

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