Maplebear Inc. (CART)
NASDAQ (NGS) NASDAQ (NGS) Primary Summary
Instacart's AI pricing experiment drives up costs for some shoppers, study says
Instacart's AI-pricing experiments can charge customers up to 23% more for identical products, potentially costing families $1,200 extra annually through hidden markups.
Instacart Shares Fall on Report Alleging Price Discrimination
The grocery-delivery company's stock was down in morning trading after a report said it displayed several different prices for users who added the same item from the same store at the same time.
Instacart's AI pricing tools drive up the cost of some groceries, study finds
Instacart's algorithmic pricing tools caused shoppers to pay different prices for identical items from the same store, according to a new study. The grocery delivery platform said some of its retail partners run limited pricing tests, but it denied that they use personal data or change prices in real time.
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Maplebear Inc. Profile
| Specialty Retail Industry | Consumer Discretionary Sector | Chris Rogers CEO | NASDAQ (NGS) Exchange | 565394103 CUSIP |
| US Country | 3,265 Employees | - Last Dividend | 21 Nov 2007 Last Split | 19 Sep 2023 IPO Date |
Overview
Maplebear Inc., operating under the commercial name Instacart, is a prominent player in the online grocery delivery sector, serving customers across North America. Since its inception in 2012, Instacart has revolutionized the way people shop for groceries by offering a seamless, convenient online shopping experience. With its headquarters located in San Francisco, California, Instacart has quickly grown to become a key service provider for consumers seeking the convenience of home-delivered groceries and a variety of other retail items.
Products and Services
- Online Grocery Shopping Services - Instacart allows customers to shop for groceries online from various retailers via its mobile application or website. This service includes selecting groceries, placing an order, and scheduling delivery to the customer's doorstep, providing a convenient solution for busy individuals or those unable to visit stores physically.
- Mobile Application and Website - The cornerstone of Instacart’s service offering is its user-friendly mobile application and website. Through these platforms, customers can easily browse grocery selections, manage their shopping lists, track their orders in real time, and schedule deliveries at times that fit their schedules.
- Software-as-a-Service Solutions for Retailers - Beyond direct-to-consumer services, Instacart extends its technological capabilities to retailers, offering software solutions that empower retailers to enhance their own online shopping platforms. This service enables retailers to seamlessly integrate with Instacart's technology, improving their reach to online customers and streamlining the shopping and delivery process.
Contact Information
