CEO says Instacart is grocers’ antidote for Amazon
October 29, 2021
Fidji Simo, CEO of Instacart, said she is focused on “building a company that will stand the test of time.” She is setting the foundation for that future by providing grocers with an answer to competition from Amazon.com and acquiring tech companies that will alleviate concerns that Instacart may one day itself become a competitor to its grocery partners.
Recent News
Bubble Tea Bubble Bursts? Popular Brand’s Shares Plunge in IPO
The bubble tea craze has taken over cities of all sizes in the United States, but things aren’t looking good for a popular chain, whose initial public offering (IPO) tanked on the Asian market.
UPMC Cuts 1,000 Jobs Due to Post-Pandemic Challenges
UPMC, the largest employer in Allegheny County, Pennsylvania, is laying off about 1,000 employees. The cuts are a response to challenges in the post-pandemic healthcare market.
Millions of Workers May Be Eligible for Overtime Under New Biden Rule
The United States Department of Labor revealed that millions of workers may be eligible for overtime pay under President Joe Biden’s new rule.
Foot Locker Unveils ‘Store of the Future’ Concept
The company plans to elevate the sneaker shopping experience.