Is advertising the bear case for Instacart?

September 20, 2023

Instacart began trading on the NASDAQ exchange yesterday. The company had filed its S-1 form with the SEC in late August. I published an analysis of Instacart's S-1, with a particular focus on the size of its advertising business, in Instacart is an advertising and subscription business. From that piece: The S-1 also indicates that […]

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