DoorDash Plans To Buy Instacart for $17B & Ahh!! Horror Bookstores Are Killing It
Morning Brew DailySummary
Neil Freiman prepares for his first New York City Marathon, expressing uncertainty about the event and encouraging community support. He invites listeners to create signs to cheer him on during the race, highlighting the significance of this personal challenge.
In business news, DoorDash announces its acquisition of Instacart for $17 billion, aiming to expand its grocery delivery services. This merger raises concerns about corporate consolidation and its potential impact on delivery prices and worker treatment, particularly in light of recent controversies surrounding DoorDash's labor practices. Meanwhile, the U.S. economy shows strong growth, with GDP rising 3.4% in the third quarter, driven by consumer spending and business investments, despite widespread concerns about inflation and economic inequality.
The podcast also covers the surprising success of horror-themed bookstores, which are thriving as community hubs. Sales in the horror genre have surged, attracting a diverse customer base, particularly women, and leading to the opening of new shops across the country. This trend reflects a broader interest in niche bookstores as spaces for connection and engagement within local communities.
Show Notes
#966: DoorDash acquires Instacart for a whopping $17 billion, creating a food delivery giant. America’s GDP is like the Golden State Warriors with an impressive third quarter performance, growing at the fastest pace in a year. Weil Gotshal, a once heavyweight law firm, is shutting its doors. Horror bookstores are popping up everywhere and horror books are flying off the shelves like ghosts. Finally, the biggest crypto heist in history.
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