CEO says Instacart is grocers’ antidote for Amazon
October 29, 2021
Fidji Simo, CEO of Instacart, said she is focused on “building a company that will stand the test of time.” She is setting the foundation for that future by providing grocers with an answer to competition from Amazon.com and acquiring tech companies that will alleviate concerns that Instacart may one day itself become a competitor to its grocery partners.
Recent News
Coca-Cola Beats Expectations, Raises Revenue Forecast
Coca-Cola recently released its quarterly earnings report, surpassing predictions from analysts and adjusting its outlook for full-year organic revenue.
Walmart Unveils New Premium Brand Bettergoods To Broaden Appeal
Walmart’s launch of Bettergoods is the retail giant’s latest attempt to appeal to younger consumers.
Peacock Streaming Service To Raise Subscription Prices by $2 Before Summer Olympics
Ahead of the Olympics in Paris, Comcast’s NBCUniversal plans to raise the monthly subscription price of its streaming service, Peacock, by $2 this summer.
Rolls-Royce Expands Factory To Craft More ‘Bespoke’ Cars
Rolls-Royce is making substantial expansions to its Chichester factory in England to focus its efforts on more expensive cars.