TechThe Information1h ago
DoorDash and Thrive Go Shopping
TL;DRDoorDash is buying Instacart for $17 billion to expand into grocery delivery.
Why it matters: Consolidation reduces competition, likely affecting delivery fees, service options, and gig worker conditions.
Get your deals in while ya still can, folks. And clearly, there are relative bargains to be had. DoorDash CEO Tony Xu gets what I’m talking about. On Thursday, Xu finally picked up Instacart, with Xu’s company saying it would pay about $17 billion for the grocery-delivery…
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