Viewing a single comment thread. View all comments

jeffinRTP t1_j8do5iw wrote

Instacart is a private company in running out of investment money to spend. Plus they need to get the financials looking good so to go public people will buy the stock

66

Nearby_Ad_1473 t1_j8h0818 wrote

Shudders. That's a scary thought. Feel sorry for whoever would invest in this shit company.

5

jeffinRTP t1_j8h6sct wrote

I don't really think that that is much different than doordash or Uber or any of the other delivery type companies.

6

1800TurdFerguson t1_j8hxjxb wrote

It's not. It's all a massive wealth redistribution scam. They run these services at a loss using venture money and promising unrealistic compensation while they build scale. When faced with the end of venture subsidization of whatever "*disruption*" they're providing, they squeeze everybody a little bit, but workers the most. They can't afford to alienate too many customers if they want to walk away from that sweet, sweet IPO money, and workers have less power than anyone involved in the value chain.

8