Latest news with #Instacart
CNBC
an hour ago
- Business
- CNBC
Amazon's expansion of grocery delivery isn't the death knell for these stocks. Here's why
Even as Amazon expands further into same-day grocery delivery, analysts still see room for DoorDash and Instacart to compete. Amazon announced Wednesday that it will expand its same-day delivery of perishable items like meat and dairy to more than 1,000 cities, with plans to reach at least 2,300 locations by year-end. The news put pressure on DoorDash and Instacart, which saw their stocks tumble 4% and 14%, respectively, over the past week. Shares of Walmart, which also provides same-day grocery delivery, lost more than 3% over the same period. But Bernstein analyst Zhihan Ma said the sell-off for Instacart and DoorDash may have been overdone as there's enough room in the segment for the competitors to maintain market share. "We believe the sell-off in CART and DASH (on the back of the AMZN news) was overdone, with room for the online penetration rates to expand and retailers to increasingly lean into the platforms," Ma wrote in a Thursday note. For example, Instacart could boost its market share by reducing free delivery thresholds to bring in new customers, Ma said. The analyst sees third-party delivery services having the advantage of greater selection, quick and convenient delivery and the growing benefits tied to the subscription bundles. "CART continues to have a selection advantage to the degree consumers value ordering from Costco , Kroger etc. and these retailers now need to lean further into the on-demand platforms to compete with AMZN (we saw this post-Whole Foods acquisition); and CART has one of the best products with competitive free delivery thresholds, a wide variety of merchant selection, quick delivery windows (40% of orders are priority), and cost efficiency (optimized network, gig worker model)," the analyst said. She echoed a similar sentiment for DoorDash, which she recommended picking up post-sell-off. Even with the pullback, DoorDash shares have advanced nearly 48% so far in 2025. But Ma has a $310 price target for the stock, which suggests shares could rise 25% from where the stock closed on Friday. "Our core thesis on earnings power remains unchanged," she said. "We will continue to monitor for evidence on AMZN's encroachment, but for now remain optimistic on the path forward — powered by core Restaurant delivery but also expansion areas and normalized margin opportunity," she added. Ma's opinion on DoorDash shares is slightly more optimistic than the average analyst as the consensus view is a potential 17% advance for the stock over the next 12 months. For Instacart, analysts predict shares could rise about 34%, on average. Ma's $63 price target suggests 43% upside from here. Instacart shares are up 6% year to date. Deutsche Bank analyst Lee Horowitz also expects that Instacart and DoorDash can remain competitive as the pair benefit from a perception of quality and supply because customers can stick with their favorite grocery stores when using these services. "While much remains to be seen as to how this new product changes the grocery delivery landscape, we believe it most likely that it expands the grocery delivery pie more than cannibalizes current e-commerce volume over the short term," Horowitz said.
News18
2 hours ago
- Business
- News18
US Big Tech Firms Accused Of Bending H-1B Rules With Newspaper Job Listings: Report
Last Updated: In recent months, big tech companies such as OpenAI and Instacart have put job ads, asking applicants to send their resumes to the immigration or 'global mobility' departments. Companies that hire H-1B foreign workers and want to sponsor them for a green card must advertise those jobs to American workers. But a media report said that the job ads placed in local newspapers are aimed at immigrants instead. In recent months, big tech companies such as OpenAI and Instacart have put job advertisements in the San Francisco Chronicle, asking applicants to send their resumes to the immigration or 'global mobility" departments, Newsweek reported. a website that looks for H-1B job postings to share with Americans, told Newsweek that most Americans don't even realise big tech firms are regularly discriminating against them. 'At a time when unemployment for college graduates is shifting sharply upward, it is important to call out hiring discrimination that could keep Americans unemployed," they said. also said that recruitment for these roles is done separately from the firms' standard recruitment process. 'These unusual application methods are likely to drive fewer applications than normal processes like posting ads on the company job board or on mainstream career sites like LinkedIn," they said. Another tech company, Instacart, advertised several jobs and also asked applicants to apply through a similar department. Udemy, the online learning platform, posted a job for a Director of Marketing Analytics and Data Science, telling applicants to send their resumes to 'immigration@ according to the Newsweek report. The H-1B program lets US companies, especially tech firms, hire skilled foreign workers for specialised jobs. A large number of H-1B visas go to Indian nationals each year, and the programme is an important way for many students from US universities to move into full-time jobs. view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Miami Herald
19 hours ago
- Business
- Miami Herald
Amazon's move may take down Instacart and consumers could benefit
If a service like Instacart or Same Day Amazon had existed when my kids were young, life would have been so, so much easier. There would have been no stress upon realizing I was out of milk, bread, or just about any other essential, because I could have had the items delivered to my house or to my car when I pulled up to the grocery store. Instead, when I was low on needed groceries, it meant loading the kids into the car and hauling them to the store. Ugh. Don't miss the move: SIGN UP for TheStreet's FREE Daily newsletter Now my kids drive themselves to get whatever food they need, so that stress is gone. And when I don't have time to get to the store, I just order groceries on Instacart. Honestly, it's magic. At first I was skeptical that the Instacart shopper would choose produce that would be up to my standards, but I'd give the service a solid "A" so far. For the last couple of years I've generally picked up the groceries at my local grocer but have also had orders delivered. Delivery is quickly becoming my preference because, convenience. Image source:Now, Amazon is stepping up its grocery game, too, offering same-day delivery of fresh groceries to customers in more than 1,000 U.S. cities and towns, with plans to expand to over 2,300 municipalities by the end of the year. For consumers, the move offers a new level of convenience in online grocery shopping - and it signals a potential shake-up in the industry. Same-day delivery has long been a key differentiator in e-commerce, but it has taken decades to become widespread. Online grocery delivery first emerged in the late 1990s with services like Webvan and Peapod, which offered home delivery but faced high costs and logistical challenges that limited adoption. More retail: Costco quietly gives Apple buyers better deals and perks$4 Trader Joe's bags are going viral (again), so grab one while you canStarbucks' latest closure is another hit for an embattled city Plus, those options were limited to certain cities. In the 2010s, as smartphones and apps became ubiquitous, major retailers such as Walmart, Kroger, and Target began offering delivery and curbside pickup, and third-party services like Instacart expanded rapidly. Amazon's acquisition of Whole Foods in 2017 further accelerated growth, combining physical stores with online ordering. Then came the pandemic. Lockdowns and social distancing triggered an explosion in online grocery shopping - I'm sure I'm not the only one who had to wait in line to get into my local Trader Joe's or Raley's because the stores limited the number of people who could be in the store at any one time. From 2020 to 2022, contactless delivery became a necessity for millions of households, pushing same-day and next-day grocery delivery into the mainstream. Today Amazon, Walmart, Instacart, Kroger, and DoorDash all offer fast, reliable delivery of both perishable and nonperishable items, making convenience a central focus of the grocery market. Related: Walmart gives employees a generous new perk The recent announcement from Amazon, bringing same-day delivery of fresh groceries, is a major milestone in this trend. Customers can now order items such as produce, meat, dairy, and pantry staples and receive them within hours. For busy households or those looking to minimize trips to the store, the service is a godsend. According to the Amazon announcement: Instacart's pricing structure is a little more complicated, since the cost varies depending on whether you're a member. Membership costs $99 per year or $9.99 monthly. Members get free delivery on orders over $35 and reduced service fees. The Amazon announcement sent ripples through the stock market. Instacart built its business around grocery delivery and saw its shares drop more than 11% the day Amazon made the news. Other grocery and delivery companies - including Kroger, Walmart, Albertsons, Uber, and DoorDash - experienced smaller declines, all under 5%. The market reaction highlights how Amazon's expansion could reshape the grocery delivery landscape. Instacart has been working to evolve beyond its original model, positioning itself as an omnichannel technology provider and retail media network. Features like "smart carts" help grocers and advertisers connect with shoppers online and in-store. Still, the company relies heavily on grocery delivery, making it vulnerable to Amazon's growing e-commerce reach. For consumers, the expansion is largely positive. The competition should improve service times could offer potential cost savings. Shoppers may see new promotions, loyalty perks, and technology-driven conveniences such as improved delivery tracking and personalized shopping experiences. Amazon's same-day grocery delivery expansion builds on a decades-long evolution of online grocery shopping, offering unprecedented convenience and faster access to fresh foods. At the same time, it intensifies competition across the sector, signaling a rapidly changing market where only the most agile players will thrive. Related: Amazon pulls the plug on a free service for customers The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Hindustan Times
a day ago
- Business
- Hindustan Times
H1-B visa hiring: Major revelation about firms recruiting foreign workers; ‘Americans are not aware that…'
Employers of H-1B foreign workers applying for green cards are obligated to post job openings to American-born workers. However, it is being reported that local newspaper job postings are directed toward immigrants. Employers hiring H-1B workers must post jobs for American candidates, but reports suggest local newspapers favor immigrant applicants(PTI) In recent months, the San Francisco Chronicle has published job openings for prestigious tech firms like OpenAI and Instacart, advising applicants to submit their resumes to the 'global mobility' or immigration offices. Here's what US Department of Labor says According to the Department of Labor, positions must be advertised openly, including in at least two prominent Sunday newspapers such as Chronicle's Sunday edition. Employers must also post job openings internally at the organisation, on a state workforce agency website, and through two other advertising channels of their choice. 'Americans are not aware that major companies are routinely discriminating against them for the simple fact of being Americans in their own country,' stated the group behind a website that searches for H-1B positions to share them with Americans, Newsweek reported, citing anonymous sources. In light of the recent steep increase in college graduate unemployment, it is critical to address hiring discrimination that may continue to keep Americans out of work, they added. Also Read: US scraps interview waiver program for H1-B and other visa holders; How it will impact you from September 2 - Explained H-1B visa workers vs American residents: A look at current conflict The potential trend once again draws attention to work-based visas, particularly the H-1B, which are advantageous to tech companies. It also highlights the ongoing conflict between the need for immigrant workers and whether or not businesses are hiring cheaper labor from abroad rather than hiring Americans or permanent residents. OpenAI posted job openings for a software engineer in the San Francisco Chronicle, asking candidates to submit their credentials to a member of the 'global mobility team,' as per Newsweek. While Instacart offered several roles, with a similar department accepting applications, Udemy, a platform for online education, sought a director of marketing analytics and data science, directing candidates to send their resumes to 'immigration@ Are US firms violating H-1B regulations? While it is not mandatory for employers to post job openings for US citizens before recruiting an H-1B worker, there are regulations around the so-called PERM procedure, which is the process by which employers seek to sponsor an immigrant for a green card. They are supposed to demonstrate to the Department of Labor that the current H-1B holder is essential for the role required and it cannot be filled with an American worker. team claims that workers are manipulating the regulations to their advantage by posting the jobs at newspapers and avoiding online listings, Newsweek reported. Such cases are being reported despite the fact that the Department of Justice under former President Joe Biden reached historic settlements with Apple and Facebook about their advertising practices in 2021 and 2023.
Yahoo
2 days ago
- Business
- Yahoo
Maplebear (CART) Nosedives 11.5% as Traders Book Gains.
We recently published . Maplebear Inc. (NASDAQ:CART) is one of the worst-performing stocks on Wednesday. Instacart owner Maplebear Inc. (NASDAQ:CART) fell by 11.51 percent on Wednesday to finish at $45.11 apiece as investors continued to take profits following its rally to a new high earlier in the week. On Wednesday, the company also reported an impressive earnings performance, with net income attributable to shareholders in the second quarter of the year nearly doubling to $114 million from $58 million in the same period last year. Revenues also grew by 11 percent to $914 million from $823 million year-on-year. In the first six months, attributable net income increased by 17 percent to $218 million from $186 million, while revenues grew by 10 percent to $1.8 billion from $1.64 billion year-on-year. 'We delivered another strong quarter, reinforcing the essential role we play in helping families save time, money, and effort putting food on the table,' said CEO Fidji Simo. Copyright: stocking / 123RF Stock Photo 'Our strategy is working: we're accelerating online grocery adoption by creating better customer experiences, deepening retailer partnerships, and leveraging our data in innovative ways — all while expanding profitability. Our unique scale and advantages allow us to build grocery technologies with partners in ways that competitors simply can't match, and have us well-positioned to lead as AI transforms how people make decisions and manage their daily lives,' she added. While we acknowledge the potential of CART as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
