Is Instacart a forerunner of bad news?

As much as we like to end the year with some good news, what we are hearing from grocery delivery company Instacart is not exactly that.
According to The Information, citing “two people familiar with the situation,” Instacart has cut its internal valuation to around $10 billion. That’s 20% lower than its October 2022 valuation — and a 75% cut compared to its March 2021 peak.
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This isn’t the first time that Instacart’s valuation h

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