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Is Instacart’s Sharp Drop a Sign of Things to Come?
The online grocer reduced its valuation by almost 40 percent last week. Is it an isolated event — or the start of a pattern?
When Instacart cut its valuation last week by nearly 40 percent to $25 billion, venture capitalists weren’t exactly surprised.As Institutional Investor reported two weeks ago, mutual fund giant Fidelity Management & Research marked down its valuation of the online grocery delivery company by 18 percent back in November. And current
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