| Author | Message | ||
     Chiru_fan Pilla Bewarse Username: Chiru_fan Post Number: 776 Registered: 04-2017 Rating: N/A |
When Pre-IPO market was in all-time highs, Instacart was sold at $160 ($47B). Insta's business was booming due to COVID at that time. The recent talk in the market is around $130s and $140s ($43B - $44B). Per recent news articles they are bleeding money and competition already eating there market share. We never pursued it as we thought it was priced high and didn't knew how well it will perform post-COVID. I will not buy for two reasons; the price is high and I am not too confident about its market potential for near future. If you are still interested, I have some dated materials (Feb of this year) regarding the positives of Instacart. Let me know if you have any questions |