Lost 75% of its peak valuation. Gig workers still waiting.
The poster child of pandemic-era hype. Peaked at $39B valuation during COVID lockdowns, then IPO'd at a $10B valuation — a 75% haircut from peak . Still relies on gig workers with no benefits. Mehta cashed out $1.1B. The groceries got delivered; the returns did not.
Satirical project. Not affiliated with Y Combinator. All information from public records.