Maplebear Inc. d/b/a Instacart Lawsuit Submission Form
Company: Maplebear Inc. d/b/a Instacart
Ticker: (NASDAQ) CART
Deadline
Passed
Lead Plaintiff Deadline: March 25, 2024
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Allegations
The filed complaint alleges that Maplebear Inc. d/b/a Instacart made materially false and/or misleading statements and/or failed to disclose that: (i) Instacart had overstated the extent to which online grocery shopping and delivery habits among consumers were accelerating; (ii) Instacart had downplayed the extent of the competition that it faced in the online grocery shopping and delivery market; (iii) accordingly, defendants overstated the Company’s post-initial public offering growth, business, and financial prospects; and (iv) as a result, the Company’s public statements were materially false and misleading at all relevant times.