3 ms·
It doesn't look growing to me, order volume has been flat for the last 6 quarters. I'm not sure how much more they can grow per order profit.
by aeyes 3y ago
It doesn't look growing to me, order volume has been flat for the last 6 quarters. I'm not sure how much more they can grow per order profit.
- octernion 3y agoyeah, order volume is flat but ad business is growing significantly, and it seems that their primary competitor (doordash) is growing at the expense of shipt and/or amazon, not instacart; and, a lot of the YoY flatness is explained away in the S-1 (up to you if you agree with their logic). agreed that it seems unlikely they can grow their per order profit but you never know, I guess.