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Breakingviews – Instacart could do worse than incinerating  bln
Breakingviews - Instacart could do worse than incinerating $32 bln,Instacart is facing a reckoning. The grocery delivery company’s valuation looks to be tumbling just as it prepares for an initial public offering. Based on peers, it could have incinerated $32 billion of value in the past two years. That might be painful, but failure to accept that new price tag could lead to a worse outcome.

Breakingviews – Instacart could do worse than incinerating $32 bln

Instacart is facing a reckoning. The grocery delivery company’s valuation looks to be tumbling just as it prepares for an initial public offering. Based on peers, it could have incinerated $32 billion of value in the past two years. That might be painful, but failure to accept that new price tag could lead to a worse outcome.