Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
In the last two weeks, Instacart has expanded its reach through deals with Kroger Co (NYSE:KR), SUPERVALU INC. (NYSE:SVU) and Albertsons.
The proliferating partnerships may herald a simple expansion of Instacart’s grocery delivery service, or they may represent an effort to buffer business against enduring industry threats.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
The firm’s longtime relationship with Whole Foods Market, including both a delivery partnership and investment by Whole Foods, has thus far withstood transitions under Amazon.com, Inc. (NASDAQ:AMZN). But Amazon continues to explore its own Fresh grocery service in dense metropolises and challenge Instacart’s market hold.
At the same time, Instacart faces disruption from innovators like Blue Apron Holdings Inc (NYSE:APRN).
The Market Of Errand Running
When the flurries fall or the baby’s fussing, the errands are put on hold. The milk goes unbought, the toiletries unstocked, the money unspent. Since 2012, Instacart has been working to bridge the homebound or time-constrained consumer with sales-dependent merchants to keep transactions flowing.
FREE REPORT: How To Learn Options Trading Fast
In this special report, you will learn the four best strategies for trading options, how to stay safe as a complete beginner, a 411% trade case study, PLUS how to access two new potential winning options trades starting today.Claim Your Free Report Here.
The concept is similar to that of Uber: clients use accounts to fill virtual shopping carts with items from local vendors, and Instacart’s shoppers hit the aisles and deliver products that same day.
The service works with Petco Animal Supplies, CVS Health Corp (NYSE:CVS) and Costco Wholesale Corporation (NASDAQ:COST) — and the list is growing.
Related Links:
Amid Grocery Delivery Shutdowns, It Appears Even Amazon Cares About Costs
Perspective: If Amazon Wins The Grocery Wars, It Won't Be Because Of Prices
Winners And Losers From Amazon’s Purchase Of Whole Foods
Photo courtesy of Instacart.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.