Instacart, the grocery delivery company valued at over $13 billion, has reportedly engaged in acquisition discussions with DoorDash and Uber, though Uber has since stepped back. The company has hired an investment bank to explore its options, possibly aiming to capitalize on its strong stock performance and favorable market conditions before competition intensifies. These talks are preliminary and may not lead to a sale. Instacart's shares surged over 9% following the news, while DoorDash and Uber stocks declined.
As of Oct 24, 2026 23:41 WIB, Uber shares are trading at USD 66.70 on Pluang, down 3.43% for the day, while DoorDash shares are at USD 179.38, down 3.53%. Despite the reported talks involving Instacart, both Uber and DoorDash stocks show notable declines on the platform. Uber's market cap stands at $136.24 billion, highlighting its significant presence in the technology sector.
Instacart's stock jumped after reports it is exploring a sale, with early talks involving DoorDash and Uber. Uber has reportedly walked away, citing its ongoing acquisitions and antitrust issues, while DoorDash remains interested but faces regulatory...
Instacart, valued at about $12 billion, has held preliminary talks with Uber and DoorDash about a potential sale, with an investment bank advising on options. A sale could fetch $16-$17 billion if a buyer pays a premium, but antitrust concerns remain...
Uber has expanded its use of ChatGPT Work, an AI tool by OpenAI, to its entire global workforce of 30,000 employees after a successful pilot with 1,000 staff. The AI is used across departments like finance, operations, and product for tasks such as d...
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