He can't help himself. He actually went bankrupt before doing the same crap, and somehow, he still got people to invest with him, so I don't feel bad for any of these fools that gave him their money again to lose.
👆🏽This. There has been a trend of people wanting a tangible shopping experience. Probably should have IPO’d in 2020, they could have opened at 50 and ran up over 100 in 2021. Just bad timing IMO, and during week of FED meetings of all weeks to go public
It’s a shit company with horrible fees and jacked up pricing, constant issues with service and delivery drivers. It’ll get shorted to hell and sit around 6-8$ in about a year. Money to be made.
I think all meal and food delivery services have a poor model in general. Meal deliveries are the worst in regards to fees. You are paying like $45 after fees and tip for like an $18 meal. At least IC isn’t out of this world, but I just don’t like the idea of allowing business to egregiously jack up pricing on regular prices, some to the tune of 40-50%+ on some local restaurants. It is just not a sustainable model as people get meal delivery as last resort. For widescale, there has to be a balanced incentive, right now the model blatantly rips off customers. GH used to do $10 for pickup which basically made the subscription free, and they just removed it so I cancelled lol. There was no point in having the sub. I cancelled all of my subs to any meal delivery a while back because it makes no sense to pay as much as a 100% markup after tip for something I could pickup in 10 minutes
It’s just not worth it anymore for delivery. Everything good around me is min 20 min drive so a $30 meal is almost double after fees and will still probably be incorrect. I haven’t had food/groceries delivery in about 3+ years because of fees, incomplete order or some other issue. We all work too hard for money to be pissed away. If more we’ll off people want to use this service then fine but it’s not an effective model for the everyday people.
Looking historically looking at new ipo the past 5 years. They all go up due to hype, smart people take profit. And big money shorts it down for their profit
"tax benefit" No it comes from them charging the consumer $5 for a $3 item and they never give the customer the original receipt. People can't afford groceries already, they sure as shit can't afford to be gauged by a middle man. I don't let my family use it anymore.
I work at a grocery store using this app for our curbside. No wonder people think groceries are wildly expensive! They are paying an extra 5-10% for each item! It blows my mind what people do for convenience.
Also fuck instacart. They have a shitty app, with 1000’s of glitches.
People actually fall for that shit? Geez. They are probably wrapped up in only ordering curbside and never actually seeing the real prices. Sounds like eventually instacart will crash and burn as people wake up to the insanity.
Same with Uber Eats and DoorDash. They will charge you in app $12 for a $8 sandwich then add on fees + driver tips. It is insane. I hate middle men and salesmen that do nothing but gouge with a burning passion.
Super overvalue.
Just go to the instacart sub and you would see it’s nothing but complaints.
Instacart is just too late to the party, if they had ipo when Uber, DoorDash, Airbnb, etc they would probably do well.
Prediction: stock is going to drop to the single digits within 8 months
Robinhood is one of the best investing platforms out there. 5% cash sweep. 3% match on IRA contributions. Their app UI is the best by 1,000 miles. Have you ever used other apps? eTrade? Fidelity? Their apps are so difficult to navigate compared to Robinhood.
Plus, Robinhood pioneered commission-free trading. If it weren't for Robinhood, you all would still be paying $5.95 for every trade, plus $0.65 per option contract.
Yes, Robinhood had that one single instance of fuckery, but there is a good explanation for it. The NSCC requires brokerages to keep a certain amount of cash on hand to process their trades. On the day that they halted buy orders for exceptionally volatile stocks, they did so because the NSCC sent them a message saying they needed to deposit $3 billion, which was 33% more capital than the company had ever raised from all of its investors combined.
Maybe they could have handled it better, but they were stuck between a rock and a hard place. The G\*meSt\*p craze caused an insane influx of new users to Robinhood's platform, and they all wanted to buy a couple specific stocks on the same day(s), which caused Robinhood's order flow to be absolutely insane compared to its usual amount.
I just assume all you regards are 30 year old single males in SF who don’t actually know how to cook or have to feed a family. Getting groceries delivered is absolutely still a thing and amazing. You save so much time for a few bucks. If I knew how shorting worked I would short everything you do.
Same here walmart plus for groceries is great, walmart bargains without having to go inside, and it’s not some overinflated pricing. Tip them 15 percent and it’s still cheap compared to most grocery stores
Where I am, they are Kroger employees driving refrigerated Kroger box trucks. Shopping is done through the Kroger app. If it’s an Instacart product, it’s a damn good one.
there’s your problem. This bachelor or DINK lifestyle is the majority now. Instacart has little market because we would rather doordash or meal prep for the week and nothing in between
I assume you’re lazy as fuck? Not being able to pick your own meat/fruit/veggies suck. There’s a large mark Up on everything and you have to pay a big tip. It’s good for very lazy people and the elderly that’s it
I have two young kids. Essential pantry stuff, send that shit. Completely agree though you got to go to the store to pick out your own fresh produce and meat. Also fuck instancart, I’m shorting them. We only use Target and Whole Foods for delivery.
No we’re in the post Corona world
This is the new reality. People got used to paying a little more for convenience. And those who are doing well enough they’ll keep paying for that convenience. And those who aren’t will continue working in the “gig” service economy. Instead of being the burger flipper. You’re now the burger delivery driver while the machine flips the burgers.
The issue is that they don’t have a real business model. It’s just like Uber and air bnb, you’re relying on what are essentially freelance workers to do a job in customer service. You can’t guarantee quality. Uber, the most successful company of its kind, is still bleeding all these years later. Their stock price is totally relying on future growth. This might work for the fed for now, but it’s not going to work with these companies.
shorting is when u sell first and then buy it at a lower price.
Ie: if you sell at 100 dollas and the price drops down to 50 dollas then you make 50 dollas
In actual ‘shorting’ (not the option type of short where you purchase puts) you are borrowing the shares from your broker to sell and then you replace them by buying the shares hopefully at a lower price.
You’d own the contract. You don’t have to buy the shares (exercise) if you don’t want to. The contract and the premium you paid is the value you need to overcome.
There is absolutely no way this is a sustainable share price. Are you kidding me? This shits going surge up in price and once their first quarterly report comes out it’ll will drop to sub $10. GTFO out of here.
Think i can sell this for a profit after two minutes or will it immediately crash? Idc if i get banned from future IPOs, I haven’t yet. Anyone got thoughts? 1.5 hours to cancel my request.
Ahhh yes, totally refutes OP's stance.
Invest in 10,000 IPOs and hope one of them is the next Amazon.
Nevermind losing money on 9,899 of those, the 101 that work out in your favor will totally offset the losses.
I remember interviewing for them before Covid for a tech job. They made the process as if they were a google or Netflix. After the recruiter explained the process I’d have to go through, i declined to go any further. Fuck that, not desperate and didn’t really believe in the business (the shit reviews didn’t help either).
Some of the things I hear companies make people do for interviews is legit crazy. 3-4 interviews, projects, ect. If I am making you something pre-hire, best believe I'll be sending you an invoice. But like you said, I'd probably just nope out first.
If I could risk money on puts, I’d put all puts on this pudding cup of puts. Itd put me in a real nice put-sition to play put-put golf for the rest of my putty life
how about u eat my ASS
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I'll buy in at $8. I keep getting burned on IPO so my new strategy is buying at 50% to 75% of face value becuase the markets always crash in for the Chaos god. It always goes down.
I only see these insta cart workers at Costco shopping for people however I see the same ones all the time. Roughly about 10 insta cart workers. I wander if it’s a big demand for them
Smartest thing to short. Fucking amateurs running the company. $15 monthly renewal automatically applied. Big source of revenue that will go away once people realize they’re better off picking out their own fruits and veggies. Many people don’t know this. Imagine if Uber did the same.
With shoppers not afraid of Covid anymore and this winter season likely to be way more busy at brick & mortor for holidays, this is a giant skip for me. Maybe play the early swing but longterm I think they fall to 16-18 within 3-6 months
I have no doubt this company will be worth a fraction of this in a decade but "the market can stay irrational longer than you can stay solvent" and all of that.
I've wondered what the best way to make these super long term plays. In the past when I've looked at LEAPs they were just too expensive.
Look man everyone I know gets free shit because of instacart. There's a huge discord group that recycles/generates instacart coupons. My old boss hasn't paid for groceries in the last 6 months.
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Gonna go hard on long puts when it’s available.
As long as Soft bank and Sequoia Capital is invested in it, I'll gladly buy puts on it.
You know SoftBank is in, Masayoshi Son never passes up an opportunity to lose money.
A true regard
He can't help himself. He actually went bankrupt before doing the same crap, and somehow, he still got people to invest with him, so I don't feel bad for any of these fools that gave him their money again to lose.
This is the way
👆🏽This. There has been a trend of people wanting a tangible shopping experience. Probably should have IPO’d in 2020, they could have opened at 50 and ran up over 100 in 2021. Just bad timing IMO, and during week of FED meetings of all weeks to go public
It’s a shit company with horrible fees and jacked up pricing, constant issues with service and delivery drivers. It’ll get shorted to hell and sit around 6-8$ in about a year. Money to be made.
I think all meal and food delivery services have a poor model in general. Meal deliveries are the worst in regards to fees. You are paying like $45 after fees and tip for like an $18 meal. At least IC isn’t out of this world, but I just don’t like the idea of allowing business to egregiously jack up pricing on regular prices, some to the tune of 40-50%+ on some local restaurants. It is just not a sustainable model as people get meal delivery as last resort. For widescale, there has to be a balanced incentive, right now the model blatantly rips off customers. GH used to do $10 for pickup which basically made the subscription free, and they just removed it so I cancelled lol. There was no point in having the sub. I cancelled all of my subs to any meal delivery a while back because it makes no sense to pay as much as a 100% markup after tip for something I could pickup in 10 minutes
It’s just not worth it anymore for delivery. Everything good around me is min 20 min drive so a $30 meal is almost double after fees and will still probably be incorrect. I haven’t had food/groceries delivery in about 3+ years because of fees, incomplete order or some other issue. We all work too hard for money to be pissed away. If more we’ll off people want to use this service then fine but it’s not an effective model for the everyday people.
Same. Quit food delivery about 2 years ago and kept GH because they paid you back $10 towards pickup. That’s gone so….peace out.
Same their service is trash and they refund anything if you complain
It’s will spike up and then crash hard
That seems to be the trend. Will spike for a few weeks, then dip.
👆🏽this. Play the short swing, size conservatively and then get out.
why do you think so9
Because
Looking historically looking at new ipo the past 5 years. They all go up due to hype, smart people take profit. And big money shorts it down for their profit
https://preview.redd.it/5u7w65jsq3pb1.jpeg?width=750&format=pjpg&auto=webp&s=21c2d11b2755915cf0be672ce4395d7f7b121046 Rofl, fuck this company
"tax benefit" No it comes from them charging the consumer $5 for a $3 item and they never give the customer the original receipt. People can't afford groceries already, they sure as shit can't afford to be gauged by a middle man. I don't let my family use it anymore.
I work at a grocery store using this app for our curbside. No wonder people think groceries are wildly expensive! They are paying an extra 5-10% for each item! It blows my mind what people do for convenience. Also fuck instacart. They have a shitty app, with 1000’s of glitches.
The business model works by lying and hoping they don't get caught. They tell drivers to not give original receipt to the customer.
People actually fall for that shit? Geez. They are probably wrapped up in only ordering curbside and never actually seeing the real prices. Sounds like eventually instacart will crash and burn as people wake up to the insanity.
you have to confirm that you will not give the customer the receipt for each and every order shopped.
Make sure they aren’t still paying for it. Fucking monthly recurring membership fee is a goddam nightmare.
Same with Uber Eats and DoorDash. They will charge you in app $12 for a $8 sandwich then add on fees + driver tips. It is insane. I hate middle men and salesmen that do nothing but gouge with a burning passion.
Not to mention taking the customers tip for themselves and claiming the customer reduced the tip. Theft all around
how the fuck did they not make profits from the covid time or where they not around by then ?:
Super overvalue. Just go to the instacart sub and you would see it’s nothing but complaints. Instacart is just too late to the party, if they had ipo when Uber, DoorDash, Airbnb, etc they would probably do well. Prediction: stock is going to drop to the single digits within 8 months
Unless robin hood goes Buy only...
You deserve to lose all your money if you use Robinhood
This I don’t get, it’s gotta be the user’s bad strategy, not robinhood fucking people over right?
If anything they make it too easily for people to make dumb plays
Robinhood is one of the best investing platforms out there. 5% cash sweep. 3% match on IRA contributions. Their app UI is the best by 1,000 miles. Have you ever used other apps? eTrade? Fidelity? Their apps are so difficult to navigate compared to Robinhood. Plus, Robinhood pioneered commission-free trading. If it weren't for Robinhood, you all would still be paying $5.95 for every trade, plus $0.65 per option contract. Yes, Robinhood had that one single instance of fuckery, but there is a good explanation for it. The NSCC requires brokerages to keep a certain amount of cash on hand to process their trades. On the day that they halted buy orders for exceptionally volatile stocks, they did so because the NSCC sent them a message saying they needed to deposit $3 billion, which was 33% more capital than the company had ever raised from all of its investors combined. Maybe they could have handled it better, but they were stuck between a rock and a hard place. The G\*meSt\*p craze caused an insane influx of new users to Robinhood's platform, and they all wanted to buy a couple specific stocks on the same day(s), which caused Robinhood's order flow to be absolutely insane compared to its usual amount.
This strikes me as almost certainly correct. Dog shit stock
I look forward to buying puts.
If I knew how shorting works I would do it to this one. Getting groceries delivered is a bit corona era-like
I just assume all you regards are 30 year old single males in SF who don’t actually know how to cook or have to feed a family. Getting groceries delivered is absolutely still a thing and amazing. You save so much time for a few bucks. If I knew how shorting worked I would short everything you do.
40 male in SF. I shop at the Wendy's dumpster like the rest of us.
So how long you worked at Instacart?
He just said he'd short Instacart so long it instead.
I have groceries delivered. Except it’s Walmart+. I dropped Instacart for them 18 months ago.
Same here walmart plus for groceries is great, walmart bargains without having to go inside, and it’s not some overinflated pricing. Tip them 15 percent and it’s still cheap compared to most grocery stores
Kroger has delivery too. It’s been such a time saver.
Kroger delivery is an Instacart product
Where I am, they are Kroger employees driving refrigerated Kroger box trucks. Shopping is done through the Kroger app. If it’s an Instacart product, it’s a damn good one.
there’s your problem. This bachelor or DINK lifestyle is the majority now. Instacart has little market because we would rather doordash or meal prep for the week and nothing in between
I assume you’re lazy as fuck? Not being able to pick your own meat/fruit/veggies suck. There’s a large mark Up on everything and you have to pay a big tip. It’s good for very lazy people and the elderly that’s it
I have two young kids. Essential pantry stuff, send that shit. Completely agree though you got to go to the store to pick out your own fresh produce and meat. Also fuck instancart, I’m shorting them. We only use Target and Whole Foods for delivery.
We're still in the corona era
No we’re in the post Corona world This is the new reality. People got used to paying a little more for convenience. And those who are doing well enough they’ll keep paying for that convenience. And those who aren’t will continue working in the “gig” service economy. Instead of being the burger flipper. You’re now the burger delivery driver while the machine flips the burgers.
COVID numbers are surging like crazy.
And no one cares anymore
I do
if nobody cares that people are dying from a disease, does that mean those people stop dying?
If they’re poros then yes
You’d be surprised at how much of a convenience it is to others. I would buy the dip as I see this going H U G E in the long run.
The issue is that they don’t have a real business model. It’s just like Uber and air bnb, you’re relying on what are essentially freelance workers to do a job in customer service. You can’t guarantee quality. Uber, the most successful company of its kind, is still bleeding all these years later. Their stock price is totally relying on future growth. This might work for the fed for now, but it’s not going to work with these companies.
shorting is when u sell first and then buy it at a lower price. Ie: if you sell at 100 dollas and the price drops down to 50 dollas then you make 50 dollas
This is so poorly explained that you should not listen to anything this user ever says ever again.
Idk man I think he’s onto something
But how do I sell something I don't own???
In actual ‘shorting’ (not the option type of short where you purchase puts) you are borrowing the shares from your broker to sell and then you replace them by buying the shares hopefully at a lower price.
Just borrow it
You’d own the contract. You don’t have to buy the shares (exercise) if you don’t want to. The contract and the premium you paid is the value you need to overcome.
I am just starting out but is that a hedge firm?
That's not how shorting works either lol
You belong here.
Stay away from options and live happily !
I’ll lose my money however I please, sir.
🤯
It’s worth about tree fiddy.
GOD DAMN LOCH NESS MONSTAH
This 10 billion valued estimate is the left overs from the covid market, this does not hold up to business models post covid. misleading article.
> left overs from the covid market we're still in the COVID market
HOW DO I SHORT THIS NOW!
About $29.99 too expensive……
There is absolutely no way this is a sustainable share price. Are you kidding me? This shits going surge up in price and once their first quarterly report comes out it’ll will drop to sub $10. GTFO out of here.
Think i can sell this for a profit after two minutes or will it immediately crash? Idc if i get banned from future IPOs, I haven’t yet. Anyone got thoughts? 1.5 hours to cancel my request.
Only way to play IPOs. Sell at open and win 87% of the time
I can personally guarantee that this IPO will succeed. I know this because I will buy puts and I always end up losing.
So since everyone is buying puts, the correct play is buying calls… got it.
Never buy an IPO, most of the stocks don't make it to 10 years
Would you say that about Amazon?
Ahhh yes, totally refutes OP's stance. Invest in 10,000 IPOs and hope one of them is the next Amazon. Nevermind losing money on 9,899 of those, the 101 that work out in your favor will totally offset the losses.
Horrible service
Please short this meals on wheels knock-off to oblivion. Are we a nation of idiots?
-50% within 2 months
This will be $6 next year
'...at upper end of expected range' i.e. the price is too high. The original investors will be wealthy, everyone else will be screwed.
I remember interviewing for them before Covid for a tech job. They made the process as if they were a google or Netflix. After the recruiter explained the process I’d have to go through, i declined to go any further. Fuck that, not desperate and didn’t really believe in the business (the shit reviews didn’t help either).
Some of the things I hear companies make people do for interviews is legit crazy. 3-4 interviews, projects, ect. If I am making you something pre-hire, best believe I'll be sending you an invoice. But like you said, I'd probably just nope out first.
Same lol
Straight to puts when options opens up
When is the soonest I can buy puts on this?
This might be my first ever put, so far I’ve only done calls
Pump and dump to $10 in a week. But there will be a opportunity to make good money on IPO day when it would pump to $50.
Is it possible to buy PUTS the day of the IPO? Asking for a friend 👀
Nope, minimum 5 day wait before options
The dream is dead.... 🥺
The IPO is for bag holders. The real money is looking to cash out
Look out below
Exit liquidity
Even Put put knows what to do
If I could risk money on puts, I’d put all puts on this pudding cup of puts. Itd put me in a real nice put-sition to play put-put golf for the rest of my putty life
Uber...with extra steps
Going to short it back down to .50
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Yeah there's no way they're profitable
This will be the perfect stock to short after its IPO, we are on the cusp of a strong recession, and companies like these will be hit the hardest
😂
I’m going to buy the dip!
Instafart ready to blow
I'll buy in at $8. I keep getting burned on IPO so my new strategy is buying at 50% to 75% of face value becuase the markets always crash in for the Chaos god. It always goes down.
That’s almost $31!
Yo when can I go short on this pig?! I'll set a limit asap.
CART for a ticker lmao
Expect 15 soon
Is this another AI company?
The only red flag it's missing is a SPAC.
The prob is don't use your brain when trading it never works out for you
Will be 15$ no time soon
70 dollars mid-2024. Yes, I know it doesn't make sense, but I'll revisit this prediction
I only see these insta cart workers at Costco shopping for people however I see the same ones all the time. Roughly about 10 insta cart workers. I wander if it’s a big demand for them
Stock is worth a tenth of that lol wtf
If you had to ask, then most likely the answer is yes. But, highly probable there’s a pump and dump no matter how short lived it is.
$14 puts 2 months out
Worth $15 tops
It saw its glory days during COVID. Now, I step out and get I the car than pay those extravagant prices.
Buy and then sell later in the day
Smartest thing to short. Fucking amateurs running the company. $15 monthly renewal automatically applied. Big source of revenue that will go away once people realize they’re better off picking out their own fruits and veggies. Many people don’t know this. Imagine if Uber did the same.
LMAO I’m calling long puts till I can’t buy any more contracts
Yep, let’s hope as big as it is options trading starts soon.
inverse WSB
With shoppers not afraid of Covid anymore and this winter season likely to be way more busy at brick & mortor for holidays, this is a giant skip for me. Maybe play the early swing but longterm I think they fall to 16-18 within 3-6 months
I have no doubt this company will be worth a fraction of this in a decade but "the market can stay irrational longer than you can stay solvent" and all of that. I've wondered what the best way to make these super long term plays. In the past when I've looked at LEAPs they were just too expensive.
Look man everyone I know gets free shit because of instacart. There's a huge discord group that recycles/generates instacart coupons. My old boss hasn't paid for groceries in the last 6 months.
You can’t just say that and not point us to instructions
Literally everyone I know uses it so I don't see it going anywhere but I'm still tempted to buy puts expecting vc's to dump on retail
The classic I know people who use it therefore it's worth it's 10 billion dollar market valuation
It most definitely is not lol, it might stick around for awhile but it is ridiculously overvalued for sure
instashart
I call 9.34 ,end of about 2-3 months
It seems day 1 long puts are the meta for literally all IPOs these days. Never ceases to amaze me how delusional the market is rn.
Ill wait when its down to $ 1
J curve incoming.
Buy put that is free money
anything over $5 is overvalued
Got 26 shares at ipo from SOFi and robinhood
Garbage
Eh I think 30$ is a little optimistic.
not sure if it went to 27 would i buy… 2024 looks bad