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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