After Instacart's IPO, the CEO will have stock worth $15.5 million. But the company's gig workers just took a pay cut.

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Fidji Simo, Instacart CEO, is seen behind a large bowl of strawberries.
Instacart CEO Fidji Simo

Instacart

Instacart is set to make its stock-market debut in an IPO that prices shares at $30

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The back of an Instacart shopper who's wearing an Instacart shirt while shopping at Whole Foods.
Instacart is set to make its stock-market debut Tuesday in an IPO valuing the grocery delivery company at $30 a share.

Cyrus McCrimmon/Getty Images

Arm and Instacart's splashy IPOs won't be enough to revive a market in a slump reminiscent of the dot-com bust

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The current IPO slump has parallels to the one that followed the dot-com bust.
The current IPO slump has parallels to the one that followed the dot-com bust.

STAN HONDA / Getty

Instacart deactivated a shopper, and he nearly lost his home. He battled the company and won $28,000 in back pay.

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The back of an Instacart shopper who's wearing an Instacart shirt while shopping at Whole Foods.
An Instacart gig worker shops for groceries.

Cyrus McCrimmon/Getty Images

A long list of tech companies are rushing to give themselves the right to use people's data to train AI

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OpenAI CEO Sam Altman also attended the Sun Valley conference.
OpenAI CEO Sam Altman at the Sun Valley conference this year.

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I'm an Instacart shopper — here are 4 ways you can make your grocery delivery experience better and cheaper

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a girl holds an apple in an apple orchard
Ashley Colon.

Courtesy of Ashley Colon

The $128 billion retail media industry is the hottest space in advertising right now — and its growth tear is coming at the expense of Google and TV

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Grocery store shopping
Woman looking at prices during inflation while doing shopping in supermarket.

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TikTokers are calling out DoorDashers using others people's accounts. 'You open the door for Ebony, and Ebony actually happens to be Steve, that's not okay!'

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A DoorDash delivery driver in New York City
Some gig delivery drivers aren't who they appear to be.

Ribeiro/New York Daily News/Tribune News Service via Getty Images

Instacart's profitability relies in part on batching orders together — something that its gig workers hate

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A man wearing a face mask and sunglasses backwards on his head looks at a receipt while standing in front of a shopping cart at a Giant grocery store in Washington DC in 2020.
Instacart has gotten its shoppers to deliver more orders at a time for the same or less pay over the last few years.

Evelyn Hockstein/For The Washington Post via Getty Images

It's the return of the tech IPO. Instacart says it's profitable — and this may be the necessary secret ingredient for a hot market debut in 2023.

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Instacart CEO Fidji Simo on a yellow background
Fidji Simo from France is the new CEO of Instacart.

Instacart; Melia Russell/Insider; Samantha Lee/Insider

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