Lyft scored >3b revenue in 2021 but market cap is 13b now. Did instacart have higher revenue in 2021? Btw who gave 39b valuation at the first place? Wtf?
No moat. Bankrupt within the decade
Bankrupt? How? Maybe you tapped on the wrong post
Yeah, you’re right. They’ll get bought out by private equity for pennies on the dollar, and slowly degrade into obscurity
VCs are hyping private valuation so they can dump it on retail. Also, revenue does not necessarily reflect the valuation. For instance, see Gitlab absolutely nonsensical valuation with other recently ipoed companies.
Lyft and instacart are similar enough
I hope they dont die. From a Walmart+ subscriber
We don't have exclusivity with Walmart, yet. However, I can almost guarantee you that at the rate we are expanding with Walmart, Walmart+ in 2 years could be Instacart+. Look at Albertson for example, Doordash calls them as key partner. And they walked out on IC exclusivity contracts. After a small drop, now they have 90% of their orders on Instacart. And they pay us much more now because of this. The simple fact is that it is very, very hard to dislodge a market leader -- and especially one that controls the marketplace.
As long as I can walmart shelf prices with a subscription fee of < $10/ month, I dont care what it's called
Ain’t nobody got time for Instacart
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This reminds me Waymo ‘s once 200b valuation. Now it might just be around 100b ballpark
I doubt even 100B. I think half of that. Thye are starting services in SF soon, so I would expect an uptick after thaat
Waymo was never valued at $200B, that was just a speculative article. It's only valued at that amount if you raise money at that valuation which we never did...