Category: fidji-simo

Instacart’s stock falls below the IPO price. Here are 7 reasons why.

Newsbreak 2 months ago in Advertising, Analysis, apoorva-mehta, Around The World, aswath-damodaran, fidji-simo, Grocery, grocery-delivery, instacart, IPO, ipos, Tech Insider 0

Fidji Simo (left) took over as CEO of Instacart in August 2021 from cofounder Apoorva Mehta (right). Instacart Instacart shares recently fell below its $30 IPO price. Finance professor Aswath Damodaran posted a harsh analysis of the company’s core business.  CEO Fidji Simo built an impressive ads business, but the main grocery delivery operation is tough. To have a healthy digital advertising business, you actually have…