Instacart Halts Controversial AI Pricing Experiment—Shares Fall 2%
Instacart has suspended its AI-driven pricing experiment following regulatory scrutiny and consumer backlash, with Maplebear shares falling 2% on the news.
Maplebear Shares Plunge 8% After US Authorities Launch Probe Into 'AI Price Manipulation'
Maplebear Inc. shares plunged 8% in after-hours trading as the FTC launched a probe into Instacart’s AI-driven pricing practices, following consumer group allegations of discriminatory pricing.
Maplebear Inc. shares fell nearly 6% after Amazon expanded its same-day grocery delivery service, intensifying competition, while Instacart faced scrutiny over AI-driven price discrimination, raising investor concerns about market share and consumer trust.
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Maplebear Shares Plunge on Concerns Over Aggressive Amazon Expansion
Maplebear Inc. shares fell nearly 6% after Amazon expanded its same-day grocery delivery service, intensifying competition, while Instacart faced scrutiny over AI-driven price discrimination, raising investor concerns about market share and consumer trust.
California companies wrote their own gig worker law. Now no one is enforcing it
Nearly four years after California voters approved better wages and health benefits for ride-hailing drivers and delivery workers, no one is actually ensuring they are provided. That's according to state agencies, interviews with workers and a review of wage claims filed with the state. The state Industrial Relations Department says it doesn't have jurisdiction anymore due to a California Supreme Court ruling that upheld the law and maintains that gig workers aren't employees. That effectively passes enforcement responsibility to the state attorney general, whose office was noncommittal when asked about its plans. Workers have filed 54 claims related to the law since it went into effect in December 2020. State records show at least 32 are unresolved.
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