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Instacart suffers steepest drop on record after disappointing revenue, lackluster forecast

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Instacart shares plummeted 12% on Wednesday , their worst day on record.

The grocery delivery company posted a fourth-quarter revenue miss and offered light guidance for the current period.

The stock, which debuted on the market in 2023 , jumped 76% last year .

The company's biggest one-day slump came in November , when it dropped 11% .