Instacart said on Thursday it was cutting its valuation to $24 billion, 38% lower than the $39 billion it achieved in its last private financing in February 2021. The markdown, a rare move for a private company, could help Instacart reset investor expectations and allow it to pull off a public listing at a higher price amidst a sharp slowdown in growth last year. An Instacart spokesperson...
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Creator Economy entertainment
The Rise of Influencer Scams and Scandals
A new Hulu docuseries out on Monday called “The Age of Influence” examines the underbelly of the influencer world, from people who’ve used social media to perpetuate scams and fraud to child abuse happening behind the scenes of a popular kids YouTube channel.The show, produced by Part2 Pictures for ABC News Studios, looks at lesser known scandals involving social media that haven’t risen to the...
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