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Stock impact report

Instacart ends AI pricing test that charged shoppers different prices for the same items [Yahoo! Finance]

Maplebear Inc. (CART) 
US:NASDAQ Investor Relations: snl.com/irw/corporateprofile/4715924
Company Research Source: Yahoo! Finance
The report, published this month by Consumer Reports and Groundwork Collaborative, found that Instacart sometimes offered as many as five different prices for the same item at the same store and on the same day. In a blog post Monday, Instacart said it was ending the practice effective immediately. "We understand that the tests we ran with a small number of retail partners that resulted in different prices for the same item at the same store missed the mark for some customers," the company said. "At a time when families are working exceptionally hard to stretch every grocery dollar, those tests raised concerns." Read more: Instacart is charging different prices to different customers in a dangerous AI experiment, report says Shoppers purchasing the same items from the same store on the same day will now see identical prices, the blog post said. Instacart's retail partners will still set product prices and may charge different prices across stores. The report, which follow Show less Read more
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