DoorDash to acquire Instacart in a roughly $17 billion deal

·3 views

DoorDash has announced plans to buy Instacart in a transaction valued at about $17 billion. The deal would expand DoorDash's footprint in online grocery delivery by adding Instacart's established marketplace and retailer partnerships. DoorDash began as a restaurant delivery courier and already runs its own grocery service, which faces competition from Instacart, Uber, Walmart, and Amazon. The move also reflects DoorDash's push to diversify, as rivals such as Uber have moved into the food delivery space it is best known for, including through its acquisition of Postmates.

Read the full story at The Verge

This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Discussion (0)

Ocarina of Time Switch 2 Remake Launches Nov. 5, Preorders Discounted $10

The remake of The Legend of Zelda: Ocarina of Time for the Nintendo Switch 2 is set to release next Thursday, November 5. Physical preorders are currently discounted by $10 at Amazon and Walmart, with about a week left to buy. The cartridge edition is expected to rise from $59.99 to $69.99 at launch, while the digital version will remain at $59.99. Early hands-on impressions praise the game's graphics, art style, and modernized controls, which make it easier for players used to modern third-person action games to pick up.

0 comments Read more at The Verge

TechnologyThe Verge ·

Anthropic's IPO filing offers a first look at a frontier AI lab's finances

Anthropic has filed paperwork to list on the Nasdaq, with a possible debut next month at a valuation reportedly between $1.5 trillion and $2 trillion. The lengthy S-1 document reveals detailed financial data about the economics of a leading AI developer for the first time. Analysts note the filing's figures, including annualized revenue above $70 billion, strong compute margins, and healthy free cash flow, drove a rally in semiconductor and compute-related stocks. Much of the picture, however, depends on ambitious assumptions about future AI demand and costs. The discussion centers on what the filing shows and what remains unclear about the company's long-term revenue path.

0 comments Read more at The Verge

TechnologyThe Verge ·

Amazon's Alexa for Shopping gains tools to edit lists and gift registries

Amazon is rolling out new capabilities for its AI shopping assistant that let users create, edit, and move items between shopping lists and gift registries. Users can give voice or text commands such as asking it to start a new shopping list or to show what remains on a wedding registry. The features extend the assistant, which Amazon launched in May and which sits beside the search bar in its app and website. The assistant already handles tasks like setting price alerts and comparing products. Amazon has also continued to keep third-party AI shopping agents from companies such as Meta and Perplexity at a distance.

0 comments Read more at The Verge

TechnologyTechCrunch ·

Bluesky blocks links to leaked DHS employee data as government seeks takedowns

Bluesky has blocked links to a site that publishes leaked data identifying thousands of employees of the Department of Homeland Security, including ICE agents. The move has drawn criticism from users and observers over restricting access to the material. The decision comes as government officials have sought the removal of the data from online platforms. The article's details on the exact scope of the takedown requests and Bluesky's stated rationale are limited in the source text.

0 comments Read more at TechCrunch