Instacart's AI pricing experiment drives up costs for some shoppers, study says [FOX Business Network]
Maplebear Inc. (CART)
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Source: FOX Business Network
Instacart is using AI-enabled pricing experiments that are substantially raising the prices of identical products for different customers, according to an investigation by Consumer Reports and Groundwork Collaborative. By comparing shopping carts of consumers who were instructed to buy the same products on the platform at the same time, researchers found that in some cases the price difference was as high as 23%. Lindsay Owens, the executive director of Groundwork Collaborative, told FOX Business that because of these discrepancies, a family could unknowingly be paying an extra $1,200 extra a year for food. "It's costing families dearly at a time when the grocery affordability crisis is worse than it's been in over a generation," Owens said. Owens said the nonprofit think tank had long been studying Instacart in a number of contexts, including its acquisition of Eversight, which she said powers these pricing experiments. As part of its months-long investigation, Owens said
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News
- Costco Is Suing the Trump Administration Over Tariffs [Yahoo! Finance]Yahoo! Finance
- Instacart Investigated by the Portnoy Law FirmGlobeNewswire
- 13 Press Releases You Need to See This Week [Yahoo! Finance]Yahoo! Finance
- The Globe Big Guide to Credit Cards: Super users' secrets for maximum rewards, cash back and more [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Credit card companies compete fiercely for a place in Canadians' wallets. Ads promising the best value for cardholders appear everywhere from social media feeds to subway billboards to airport lounges. The Globe and Mail's Big Guide to Canadian Credit CAcquire Media Monitor
CART
Earnings
- 11/11/25 - Beat
CART
Sec Filings
- 11/25/25 - Form 8-K
- 11/25/25 - Form 4
- 11/21/25 - Form 144
- CART's page on the SEC website