Instacart slashes its valuation to $24 billion

[news]

Instacart's valuation doubled twice to $39 billion in the first year of the public health crisis, fueled by a pandemic boon to its on-demand grocery delivery business. Now it's falling back to earth.

More... (https://www.cnn.com/2022/03/25/tech/instacart-valuation/index.html)