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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The Weekend Startups AI
The Shaky Mental State of Silicon Valley
Hi, welcome to your Weekend! Next month, when the San Francisco Board of Supervisors reconvenes after its summer recess, one of the matters up for discussion will be a resolution to decriminalize the use of psychedelics. While San Franciscans have never needed Board approval to partake in the wonders of nature, you can bet plenty of tech workers around town will be rooting for a yay...
Peloton Announces Job Cuts, Store Closures and Price Hikes
South Korea’s Mirae Asset Management Led $250 million SpaceX Investment
Founder of Crypto Exchange Houbi in Talks to Sell Stake for $1 Billion
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