In a strategic move to diversify its services and meet the evolving needs of its customers, grocery delivery giant Instacart (NASDAQ:CART) has announced a partnership with Uber Eats (NYSE:UBER) to introduce restaurant delivery. Instacart, revealed on Tuesday that its U.S. shoppers will soon find a new "Restaurants" tab within the Instacart app. This feature will allow users to seamlessly order meals from nearby restaurants, with delivery being facilitated by Uber Eats drivers. As part of the partnership, Instacart Plus members, who subscribe for $99 annually or $9.99 monthly, will enjoy complimentary restaurant delivery for orders exceeding $35. Regular Instacart members will incur standard Uber Eats delivery fees for restaurant orders. While specific financial terms were not disclosed, In
Lyft vs. Uber: What's Your Pick After Earnings?
Lyft stock rose 6% late Tuesday after the ride-hail company posted better-than-expected first quarter earnings and sales. Lyft also gave a better than expected forecast for demand in the current quarter. Uber dips 6% as the company reports first-quarter results that beat expectations for revenue, but posts net loss. -------------------- Lyft vs. Uber: What's your pick? What's your target price for two ride-hailing companies?
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