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Instacart slashes its valuation by 40% to $24B
Instacart intentionally cut its valuation by 40%, does this mean private markets are overvalued right now? Are we due for a correction? They say that this decision to lower the valuation will actually allow them to attract more talent
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PayPalSoftware Engineer at PayPal
TBH . It’s happening with most people who joined pandemic boom companies in the middle of pandemic. Public or Private. People Joined PayPal at 280-300 only to see it drop to 110 now. It’s a 60% Drop
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They haven’t topped our equity but are going to offer refreshers at the new valuation.