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Stock impact report

Instacart charges shoppers different prices for same items, report says [USA TODAY]

Maplebear Inc. (CART) 
US:NASDAQ Investor Relations: snl.com/irw/corporateprofile/4715924
Company Research Source: USA TODAY
Instacart is experimenting with pricing, charging some people shopping for at the same time and same store location prices that can vary by as much as 23%, an investigation has found. On average, that could cost the average family of four an additional $1,200, the study by Consumer Reports, More Perfect Union, and Groundwork Collaborative, a Washington, DC-based think tank, found. That is particularly troubling as American shoppers say they are grappling with , in part due to inflation and said Lindsay Owens, executive director of Groundwork Collaborative. Instacart has "turned the simple act of buying groceries into a high-tech game of pricing roulette. When the same box of Wheat Thins can jump 23% in price because of an algorithm, that's not innovation or convenience, it's unfair," Owens said in a press release. "Americans shopping for groceries aren't guinea pigs and shouldn't have to pay an Instacart tax." Investigation found 74% of grocery prices were different Groundw Show less Read more
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