Investor's Business Daily on MSN
Amazon's grocery momentum puts scare into Instacart stock, DoorDash
Amazon stock was higher and rivals lower after the giant said it now offers same-day groceries to 2,300 U.S. cities and towns.
Shares of Instacart are plummeting Wednesday morning. The stock is trading down as investors react to a major competitive move by e-commerce giant Amazon. See the trading strategy with a perfect track ...
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Grocery retail and food-delivery stocks fell sharply Wednesday after Amazon.com announced it has added thousands of perishable groceries to its same-day delivery service.
When Amazon launched its same-day grocery delivery service in August, it was only offered in about 1,000 cities.
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