The pandemic forced many people to change their way of life. One change was the way Americans grocery shop. Online shopping and delivery were trending upward before COVID, but it really took off during the shutdown. Many of these online shoppers are using grocery delivery services. But who are these delivery services? What are their…
300,000 San Diego Instacart Workers Can Now Divide Millions in Settlement
SAN DIEGO—More than $46 million that grocery delivery company Instacart agreed to pay as part of a settlement with the city of San Diego is ready to be distributed, the San Diego City Attorney’s Office said May 11. The settlement stems from a lawsuit the city filed in 2019, which alleged Instacart improperly classified workers…
Instacart, Shipt Plan New Payment Methods for Low-Income US Shoppers
NEW YORK, NY—Grocery delivery services Instacart and Target Corp.’s Shipt said on Wednesday they will expand their payment methods for low-income U.S. shoppers in line with the White House’s efforts to ramp up healthy eating and curtail diet-related diseases. President Joe Biden on Tuesday announced plans to end hunger in the country and increase healthy…
Instacart Cuts Valuation by 40 Percent; Squeezed by Tech Selloff, Heated Delivery Wars
Instacart Inc. on late Thursday cut its valuation by nearly 40 percent to about $24 billion due to recent market turbulence, in an unusual move that shows how public market volatility affects high-flying private companies. The new valuation marks a substantial drop from last March, when the grocery delivery firm was valued at $39 billion…
Amazon Workers Embracing Great Resignation; Biz Activity Growth Slows to 18-Month Low | NTD Business
Business growth in the U.S. slowing down, thanks to the omicron variant, supply chain bottlenecks not helping either, we talk to a manufacturer and see how they are managing. Peloton suffering another PR crisis, what happened, and why is one investor calling on the company to fire its CEO? Amazon reportedly facing a worker crisis,…
Instacart Acquires Smart-Tech Startup Caper AI for $350 Million
Instacart was founded in 2012 with a simple mission—to become the Amazon Prime of grocery delivery. In 2021, the company boasts nearly 10 million active users and over 500,000 “shoppers,” Instacart’s term for its delivery drivers. It finally turned in its first profitable month during the COVID-19 pandemic, in April 2020. The thing is, though,…
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