Instacart cut its meaty valuation back in March. Here's how much it's just trimmed it again. bayarea technews
San Francisco-based grocery delivery giant Instacart has trimmed its meaty valuation for the fourth time this year.
The move by Instacart, legally known as Maplebear Inc., essentially reduces the price for stock options it issues in the future to employees, making the options more attractive and potentially helping it to recruit and retain workers. However, employees who had options priced at the prior valuation will likely see a reduction in that value.
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