Instacart CEO Says Wall Street Undervalues Grocery Tech Bet [Yahoo! Finance Canada]
Maplebear Inc. (CART)
US:NASDAQ Investor Relations:
snl.com/irw/corporateprofile/4715924
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Source: Yahoo! Finance Canada
Most Read from Bloomberg 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 say, ‘let's kind of forget about what the external world is valuing us at, and let's talk about building a generational company and that means a company that can grow sustainably and that is profitable.'” Convincing investors of the company's long-term potential in grocery technology remains an ongoing challenge. More than a year after the firm went public, trading under the name Maplebear Inc., analysts disagree on their recommendation for the stock. Da
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CART
News
- Instacart becomes first online grocery platform to launch SNAP eligibility screener for customers [Yahoo! Finance]Yahoo! Finance
- Instacart Makes Getting Groceries Even More Accessible With New SNAP Eligibility Screener Tool [Forbes]Forbes
- Instacart's new tool helps shoppers see if they're SNAP eligible [Yahoo! Finance]Yahoo! Finance
- Retail Leaders Predict Future: Personalization, AI, and Community-Focused Strategies Emerge at Groceryshop 2024 [Yahoo! Finance]Yahoo! Finance
- Instacart CEO Says Wall Street Undervalues Grocery Tech Bet [Yahoo! Finance]Yahoo! Finance
CART
Earnings
- 11/12/24 - Beat
CART
Sec Filings
- 11/21/24 - Form SC
- 11/21/24 - Form 4
- 11/21/24 - Form 4
- CART's page on the SEC website