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Instacart's profitability relies in part on batching orders together — something that its gig workers hate

Instacart's IPO filing reveals the company's profitability in 2022, driven by increased productivity through batching orders, although gig workers have reported doing more work for the same pay.

businessinsider.com
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Instacart, the grocery delivery company, has filed for an IPO, reporting profitable quarters and revenue of $716 million, with plans to create an omnichannel experience merging online and in-store shopping.
The American venture market has been experiencing a significant decline in technology IPOs, but the recent filings of public-offering paperwork by Instacart and Klaviyo stand out as important milestones in a market that has seen a lack of startup exits for over 1.5 years.
Instacart, an online grocery delivery service, is planning to go public in a slow IPO market, but an analyst from Gordon Haskett expresses concerns.
Instacart is aiming to go public at a valuation between $8.6 billion and $9.3 billion, marking a significant change from its previous valuation, as it looks to reignite the IPO market.
Instacart is set to debut its IPO on Tuesday, raising questions about whether its stock will soar or plummet.
U.S. stocks remained stable as investors anticipated the outcome of the Federal Reserve's September meeting, while the pan-European Stoxx 600 index fell due to various negative factors including the departure of Lonza's CEO and Societe Generale's cost-cutting plans; in other news, Instacart priced its IPO at $30 per share, valuing the company at around $10 billion, and strikes in the U.S. have caused the highest number of lost labor hours in decades.
U.S. futures inch higher ahead of the Federal Reserve meeting, Instacart prices its IPO at the top-end of the range, and the UAW warns of more U.S. plant closures if negotiations with automakers show no progress.
Instacart's successful IPO debut as Maplebear doesn't ensure its future strength, especially considering its "low float" which poses additional risks for investors.
Shares of Instacart, the grocery delivery company, fell below its IPO price, experiencing a choppy reception in the market amid skittishness and potential government shutdown concerns.
Wall Street's reaction to recent tech IPOs, including Instacart, Arm, and Klaviyo, has been underwhelming, with investors who bought at the IPO price making money only if they sold immediately, raising concerns about valuations.