Morning Brew Daily Instacart Checks Out the IPO Market & Why Everyone is Leaving Scooter Braun
Aug 28, 2023
Instacart's IPO filing raises eyebrows as they reported over $240 million in 2023. UAW workers are gearing up for a potential strike against major auto manufacturers. Music stars are suddenly parting ways with manager Scooter Braun, sparking industry intrigue. Meanwhile, the French wine industry faces a crisis, with a drastic 32% decline in consumption over the last decade. The hosts discuss tourism in New Jersey, highlighting its historical significance, and delve into Cameo pricing strategies that are reshaping fan interactions.
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Remembering Bob Barker
- Bob Barker, the iconic host of The Price is Right, passed away at 99.
- Neal and Toby reminisce about Barker's career and his lesser-known animal rights activism.
Instacart's IPO Significance
- Instacart's IPO is the first major venture-backed tech IPO since 2021.
- This event offers insight into Instacart's performance and the recovering IPO market.
Instacart's Growth Challenge
- Instacart's core grocery delivery business has plateaued.
- The company seeks new growth avenues, including advertising, which accounts for almost 30% of its revenue.