Two years ago, Instacart (which I’ve never used in my life) had a $39 valuation. Regrettably for the dummies that poured money into this as a privacy company, the IPO price has its value at more than 75% below those levels. Of course, if they know what’s good for them, the pre-IPO investors will get the hell out before this thing inevitably declines to $500 million market cap.
