welcome
CNBC

CNBC

Business

Business & Economics

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

CNBC
Summary
Nutrition label

74% Informative

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% .

VR Score

85

Informative language

92

Neutral language

27

Article tone

semi-formal

Language

English

Language complexity

36

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

Affiliate links

no affiliate links