Instacart
The Boy Bosses of Silicon Valley Are on Their Way Out
Leaving as billionaires, they have emanated Silicon Valley’s relentless positivity. Pinterest “is just getting started,” Airbnb “is in the best hands it’s ever been in” and Instacart has a “enormous opportunity ahead,” the founders wrote. Both Mr. Mehta and Mr. Gebbia said they had plans for new projects. Investors say they anticipate more of these […]
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What Sheryl Sandberg’s Exit Reveals About Women’s Progress in Tech
But many of them encountered difficulties steering aging tech companies. Of those women, only Ms. Catz, Ms. Hood and Ms. Porat remain in their roles. “The snail’s pace of progress for women leaders in Silicon Valley is worse than disappointing,” said Nicole Wong, a deputy chief technology officer for the Obama administration and a former […]
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Instacart Takes a Big Step Toward a Public Offering
Instacart, the grocery delivery company, said on Wednesday that it will test the waters for a public offering, despite recent shakiness for tech stocks and the company’s own turmoil over the past year. The company said it had filed papers for a so-called confidential filing, which means it does not yet have to disclose certain […]
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Instacart’s Pandemic Boom Is Fading
Mr. Mehta told each company that he was talking to one of its biggest competitors, so it had to act fast. But the discussions did not get far. The other companies had concerns about the price and antitrust scrutiny. Instacart declined to comment on deal talks, which were previously reported by The Information. Around that […]
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Gopuff Buys Time for Its 30-Minutes-or-Less Delivery Promise
“Once you can execute, and obviously that’s hard, it wins in the long term,” he said. Gopuff added that it was putting a public offering on the back burner because the stock market had been volatile and it had enough cash on hand. The layoffs were part of a global restructuring, it said. Mr. Gola […]
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Instacart Cuts Its Valuation by 38 Percent, Citing ‘Turbulence’
Instacart, the grocery delivery start-up, said on Thursday that it was slashing its valuation to about $24 billion from $39 billion, in a reflection of the poor market conditions for technology stocks. “We are confident in the strength of our business, but we are not immune to the market turbulence that has impacted leading technology […]
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