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Instacart Shares Jump 7% as Earnings Reassure Investors Despite Competitive Pressures
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Instacart Shares Jump 7% as Earnings Reassure Investors Despite Competitive Pressures
Instacart’s “beat-and-raise” quarter — its strongest GTV growth in three years — helped calm fears that Amazon, Uber Eats, and DoorDash are eroding its competitive moat. Shares of Instacart surged more than 7% after the company posted stronger-than-expected fourth-quarter results and issued an optimistic outlook, easing concerns that intensifying competition in grocery delivery could undermine […] The post Instacart Shares Jump 7% as Earnings Re…
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