Instacart CEO Simo steps down; shares down

ReutersMay 8, 2025 1:52 PM

Shares of grocery delivery platform Instacart CART.O down ~4% at $43.92 in early trade

CEO Fidji Simo to step down to join OpenAI as its chief of applications

Instacart to name new CEO soon, Simo to stay on as Chair to support the transition, she said in an email to employees.

Simo will start her new job at OpenAI later this year

Including session moves, stock up ~7% YTD

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