Instacart’s stock closed below its initial public offering (IPO) pricing for the first time on Tuesday (Sept. 26), a week after its public debut. The online grocery delivery company’s stock fell 1.69% and closed below $30, reflecting a broader decline in both the overall stock market...
October 03, 2023
The Federal Trade Commission (FTC) has reportedly alleged that Amazon used a secret algorithm code-named “Project Nessie” to test the limits of price increases while ensuring competitors would follow suit. This algorithm aided Amazon in maximizing its profits across various shopping categories, prompting competitors to raise their prices and charge customers more, according to redacted portions of the […]
September 26, 2023
Instacart’s stock closed below its initial public offering (IPO) pricing for the first time on Tuesday (Sept. 26), a week after its public debut. The online grocery delivery company’s stock fell...
