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The deal follows Instacart's growth stalling after the pandemic boom, leaving it open to acquisition.
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DoorDash agreed to buy Instacart for $17B. But why is this how the deal is going down, instead of the other way around? Jason pulled three years of Instacart revenue on the air, and realizes growth stalled out after the pandemic boom. “If you stop growing, you become the acquisition target.” The part of the story most people miss: Instacart is, in large part, an advertising company. @jason $DASH $CARTRead original on X
DoorDash agrees to buy Instacart for $17 billion
DoorDash agrees to buy Instacart for $17 billion
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Uber pulled out of talks partly over regulatory concerns, clearing the way for a major consolidation in grocery delivery.
The deal combines two major delivery and grocery platforms after Uber pulled away from talks, partly over regulatory concerns.