Instacart Cuts Its Valuation by 38 Percent in Nod to ‘Turbulence’

Instacart, the grocery delivery start-up, said on Thursday that it was slashing its valuation to about $24 billion from $39 billion, in a reflection of the poor market conditions for technology stocks. “We are confident in the strength of our business, but we are not immune to the market turbulence …

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