Dave Clark said he was caught off guard when he was forced out as CEO of Flexport this week by the company’s founder, Ryan Petersen. In an interview with The Information , Clark said he had only vague inklings in recent days that Petersen might be dissatisfied with his leadership of the company. Following a Flexport board meeting last week in San Francisco, Petersen had grown more distant...
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DoorDash Should Buy Instacart Now
Instacart’s stock price performance so far brings to mind a variation on the old line about love: Is it better to have gone public and lost, or never to have gone public at all? The shares fell 9% on Monday to $26.96, 10% below its IPO price, following our scoop that the Wall Street analysts at the banks underwriting the offering are projecting a severe slowdown in Instacart’s growth in the...
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