DoorDash Acquires Instacart for $17B as NYC Mayor Blasts Hypocrisy
DoorDash agreed to acquire Instacart for $17B just weeks after being forced by New York City to pay $131M+ in stolen wages and penalties to deliveristas — a contrast NYC Mayor Zohran Mamdani hammered in a tweet that went viral with 1.9M views and 10K RTs.
What we know
NYC Mayor Mamdani posted the sharpest political take of the digest, noting that DoorDash 'couldn't seem to find the money to pay their deliveristas — until our administration forced them to give back $131M+' and then 'managed to find $17 billion to acquire one of their main competitors.' The tweet became one of the most viral posts in the entire feed (1.94M views, 10.1K RTs, 98K likes), framing the acquisition as evidence of corporate wage theft priorities. The deal consolidates the two largest US grocery delivery platforms.
How the story developed
DoorDash agreed to acquire Instacart for $17B just weeks after being forced by New York City to pay $131M+ in stolen wages and penalties to deliveristas — a contrast NYC Mayor Zohran Mamdani hammered in a tweet that went viral with 1.9M views and 10K RTs.
DoorDash agreed to buy Instacart at $65/share in a $17B cash-and-stock deal, a 26% premium to the pre-rumor close. DoorDash will retain the Instacart brand.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.