Instacart’s IPO shows the tech market has sobered up
This analysis was first published in SvD Näringsliv, in Swedish, on September 20th, 2023. This piece was translated from Swedish by Claude. Some phrasing may differ from a human translation. Optimism is returning to the tech market after delivery company Instacart’s listing on the American Nasdaq. But Instacart has what many tech companies still lack: profitability. Lime-green canvas bags were everywhere in San Francisco in the mid-2010s. In shop after shop, people walked the aisles […]