DoorDash to Acquire Instacart for $17 Billion
DoorDash has confirmed an agreement to acquire Instacart in a transaction valued at approximately $17 billion, with a purchase price of $65.00 per share.
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Instacart Reports Third Quarter 2026 Financial Results
Instacart released its financial results for the third quarter ended September 30, 2026, reporting year-over-year growth in GTV, revenue, and net income.
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Breakfast News: Brace for an AI Optics Shake-up
Marvell is reportedly in advanced talks to acquire Lumentum to control AI optics supply, a critical bottleneck in AI infrastructure. Alphabet slumped 10% despite strong cloud growth due to massive capital expenditures and negative free cash flow. Several earnings reports showed mixed results: Fortinet fell 25% on weak guidance, ServiceNow dropped 19% due to AI deployment costs, while Microsoft, Sterling Infrastructure, and Chipotle posted gains. DoorDash may acquire Instacart to compete in grocery delivery dominated by Instacart's 68% market share.