Squeezed by tech selloff, Instacart cuts valuation by 40% to $24b

Squeezed by tech selloff, Instacart cuts valuation by 40% to $24b

Photo: Marques Thomas / Unsplash.com

Instacart on Thursday last week cut its valuation by nearly 40% to about $24 billion due to recent market turbulence, in an unusual move that shows how public market volatility affects high-flying private companies.

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