Microsoft gaming chief Phil Spencer retires, replaced by ex-Instacart exec Asha Sharma ○
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53 days ago
Phil Spencer is retiring from Microsoft after joining the software company 38 years ago, and will be replaced by Instacart's former COO.
60 days ago
Stocks making the biggest moves midday: Moderna, Instacart, Rivian Automotive, DraftKings, Coinbase & more ○
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Here are some of the biggest movers in midday trading.
Instacart jumps 14% on strong results as CEO calls grocery competition fears 'overblown' ⊖
Amazon, Uber Eats and Doordash have scaled more aggressively in grocery delivery in recent months, amping up the pressure on Instacart
61 days ago
Instacart stock pops 14% on revenue beat, rosy guidance ⊕
CEO Chris Rogers said Instacart's technology and customer-oriented approach are driving more growth and engagement to the platform.
3 months ago
Instacart ends AI-driven pricing tests that drove up costs for some shoppers ○
A study earlier this month showed that Instacart's algorithmic pricing tools caused shoppers to pay different prices for identical items from the same store.
Instacart settles Federal Trade Commission’s claim it deceived US shoppers ⊖
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a story from Al Jazeera 🚨 › Al Jazeera English
The FTC had accused the grocery delivery giant of charging fees to consumers after promising 'free delivery'.
Instacart to pay $60 million to settle FTC claims it deceived customers ○
The federal agency alleged that Instacart used a number of deceptive tactics in its subscription signup and "satisfaction guarantee" advertising.
Instacart shares drop on report that FTC is probing company over AI pricing tool ○
The FTC sent a civil investigative demand to Instacart, Reuters reported, citing unnamed people.
Former Instacart employee says she was fired over her Democratic congressional campaign ⊖
The fired employee's lawyers say Instacart's actions align with how corporate America has sought to curry favor with the Trump administration.
4 months ago
Instacart's AI pricing tools drive up the cost of some groceries, study finds ○
Federal regulators and politicians have scrutinized companies' use of AI tools to set the cost of products or services, often called "surveillance pricing."