Seeking Alpha reports that Instacart is going to delay an initial public offering, originally planned for late this year, until 2022 or even later, which could "give former Facebook exec Fidji Simo more time to build up services and accelerate the company's growth in the face of delivery competition from the likes of DoorDash and Uber - not to mention start-up GoPuff and also Whole Foods parent Amazon.com."
- KC's View:
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Building its IPO, and wealth for its founders and investors, on the backs of client retailers. I would expect no less.
