Maplebear Inc

CART: XNAS (USA)
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Maplebear: Capital Allocation Rating and Fair Value Estimate Are Unchanged Amid Simo's Departure

Maplebear (Instacart) announced on May 7 that CEO Fidji Simo plans to step down in a few months. Simo accepted the role of chief executive officer of OpenAI's Applications business, prompting the change. A successor hasn't yet been named, but Instacart intends to appoint an internal candidate.

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