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0 -0.00282885431400277 -0.0010608203677511 0.000235737859500189 -0.00188590287600185 0.00848656294200847 0.0117868929750118 0.00777934936350774
Stock impact report

Instacart CEO Says Wall Street Undervalues Grocery Tech Bet [Yahoo! Finance]

Maplebear Inc. (CART) 
US:NASDAQ Investor Relations: snl.com/irw/corporateprofile/4715924
Company Research Source: Yahoo! Finance
to reimagine the grocery-delivery company as a provider of e-commerce technology for supermarkets. Now, she also needs to convince Wall Street skeptics. Most Read from Bloomberg Trump Promises Could Have Seismic Impact on Washington Economy Paris to Replace Parking Spaces With Trees Tokyo's Scorching Summers Focus Public Anger Against Tree Cutting NYC Mayor Adams Names Jessica Tisch to Lead Police Head Amid Probes New York's Transit Agency Approves $9 Congestion Toll The pandemic-fueled valuation boom that Instacart benefited from has since dwindled as Americans emerged from lockdowns and returned to in-store shopping. The company's market value has plummeted to just over $10 billion from its pre-IPO peak of $39 billion. “We were kind of the poster child for an unprofitable company,” Simo, a Facebook executive prior to joining Instacart, said in an interview with The Circuit with Emily Chang at the firm's San Francisco office. “The way I reset with the company is to sa Show less Read more
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