Peer-to-Peer, Gig and On-Demand Economies Message Board

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Technology Stocks : Peer-to-Peer, Gig and On-Demand Economies

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To: Sun Tzu who wrote (870)	5/26/2022 8:07:39 PM
From: Glenn Petersen	Read Replies (2) of 910

If I am not mistaken, Instacart's last fund-raising round clocked in at s $40 billion valuation. In recognition of the new market realities (and because they did not want to issue stock options to their employees that would be immediately underwater), they subsequently lowered their valuation to $24 billion. I have not been a fan of the delivery companies. The economics do not make sense...yet. At some point they have to stop buying market share and start charge rates that reflect their actual delivery costs. They are subsidizing their customers.

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