Instacart falls, day after Amazon grocery delivery plan news
Shares of Instacart CART.O are down 3.8% on Tues, with Amazon.com AMZN.O late on Monday saying it is testing ultra-fast delivery of household essentials and fresh groceries in parts of Seattle and Philadelphia
Amazon said in a blog that the service will deliver items in about 30 minutes or less
Also on Tues, Instacart sued New York City to block enforcement of five laws affecting the grocery delivery company, including rules governing minimum pay for app-based workers and disclosures to customers about tipping
In November, Instacart beat analyst expectations for Q3 gross transaction value and core profit, helped by steady demand for essentials on its online grocery delivery platform and higher rev from advertising
CART shares are down 0.7% YTD compared with a roughly 21% gain in the Nasdaq .IXIC in that period
Related Articles
Gold Price Hits New High: Has Bitcoin Fully Declined?
Gold prices surged over 70% in 2025, while Bitcoin fell over 5%. Will there be a chance for a comeback in the future?
Rocket Lab Stock Analysis: Why Is Rocket Lab Stock Price Soaring? Is Now a Good Time To Buy?
TradingKey - Even though Rocket Lab's stock price has seen substantial gains from its previous levels, we believe that Rocket Lab still offers speculative value.
Elon Musk’s SpaceX Poised for Record-Breaking IPO: How Can Retail Investors Get In on the Action of Starlink Stock?
TradingKey - Elon Musk's rocket manufacturer SpaceX is expected to launch an IPO in 2026, with a target IPO valuation projected to reach $1.5 trillion. However, prior to its listing, the stock can only be traded in the private market, characterized by low information transparency and high capital ba
Why Is the "Altcoin Season" Delayed? Will Altcoins Perish?
The anticipated "altcoin season" has yet to materialize, constrained by a lack of fresh market capital and Bitcoin's continued dominance in absorbing available funds. This does not mean all altcoins will perish; however, a segment of these tokens will gradually exit the market. Therefore, caution is
