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Instacart Sees Business Skyrocket During the Pandemic—While Exploiting Workers and Even Failing to Turn a Profit
Instacart, the grocery delivery service, is booming, with sales up 500 percent year-over-year and the company cruising to a $17.7 billion valuation. Their workforce—of mostly low-paid contract workers—has swelled to 500,000 people while the company has taken in $500 million in investment since March. And yet, somehow, Instacart is also losing unimaginable sums of money. …