Instacart Cuts Its Valuation by 38 Percent, Citing ‘Turbulence’ - The New York Times

Despite the company’s fast growth during the pandemic, the market for technology stocks appears to have cooled.

The company pairs people at home ordering groceries on its app with shoppers who work as independent contractors for the company. The contractors pick someones groceries and then deliver them. During… [+1222 chars]

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