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☆ How cell phones are killing our kids, and what we can do about it
▼ + stars: | 2024-04-16 | by ( Matt Villano | ) edition.cnn.com time to read: +12 min

Jonathan Haidt: Kids always had play-based childhoods, but we gradually let that fade away because of our growing fears of kidnapping and other threats in the 1980s and 1990s. If they have the phones, they will be texting during class, and they will be focused on their phones. If they don’t have phones, they will listen to their teachers and spend time with other kids. Most middle school kids are entirely enmeshed in smartphones and social media. Because kids are somewhat sex-segregated online (they interact less with kids of the opposite sex), the situation is unconducive to heterosexual dating and marriage.

Persons: Jonathan Haidt, ”, Haidt, Dave Cicirelli, Thomas Cooley, New York University’s Leonard N, Jayne Riew, You’ve, we’re, There’s, you’ve, they’re, We’re, they’ve, Matt Villano Organizations: CNN —, Penguin Press, American Psychological Association, New York, Stern School of Business, CNN, Jayne Riew CNN, YouTube, Getty, Meta Locations: United States, America, American, Northern California, whalehead.com

☆ Millionaire founder: This is the No. 1 skill young people need to thrive in the AI era—it's not coding
▼ + stars: | 2024-04-08 | by ( Megan Sauer | ) www.cnbc.com time to read: +2 min

There is one skill all young people need to thrive in the workplace — today and in the future — and it's been around for thousands of years. The type of storytelling may not matter, because the platforms people use to communicate can rapidly change. IT business consultancy Gartner reportedly bought L2 Inc. for more than $130 million in 2017, according to regulatory filings. The importance of storytelling is particularly why young people shouldn't rely solely on generative artificial intelligence tools like ChatGPT — not now, not ever, said Galloway. Management experts agree — understanding AI is important, but it isn't the sole skill needed to succeed at work.

Persons: it's, Scott Galloway, Galloway, Oliver Wyman Organizations: CNBC, SXSW, New York University Stern School of Business, L2 Inc, Gartner, ChatGPT, Management Locations: Galloway

☆ Trump Media is a risky bet, whether you love it or hate it
▼ + stars: | 2024-03-28 | by ( Allison Morrow | ) edition.cnn.com time to read: +3 min

Those who have already swallowed the high borrowing costs to short Trump Media are getting hosed. But if the stock price keeps going up, there’s no limit to the amount you’d have to pay to replace the borrowed shares. “But…long shareholders have a much different and much more positive view” on Trump Media. Bottom line: Trump Media, trading under the ticker DJT, is a classic meme stock (if “classic” can apply to a three-year-old concept). Whether you’re going short or long, “think of that as you’re making a political statement,” said Laurence White, an economics professor at New York University’s Stern School of Business.

Persons: CNN Business ’, New York CNN —, Donald Trump’s, it’s, ”, Ihor Dusaniwsky, Trump, you’re, Laurence White, University’s Organizations: CNN Business, New York CNN, New York CNN — Trump, Trump Media, S3 Partners, GameStop, AMC, University’s Stern School of Business Locations: New York, New

☆ Demand for a hot new AI role is skyrocketing — but some say it won't last.
▼ + stars: | 2024-03-16 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +8 min

Day to day, she coaxes AI models like OpenAI's GPT, utilizing natural language to manipulate the model into spitting out exactly the content she wants. "I just find it really interesting, really fun — it's like solving a word puzzle," Daniel, whose résumé also includes a prompt engineering role at LinkedIn, said. AdvertisementDaniel is part of a wave of a new kind of AI engineers — those without formal tech skills. AdvertisementDemand for prompt engineers has been skyrocketing amid the AI hype, and salaries are echoing the excitement. "I think different standards will emerge between what everybody can do and what the expert prompting engineers can do," she said.

Persons: —, Kelly Daniel, Daniel, Lazarus, Tanya Thomas, Thomas, Antropic, OpenAI's ChatGPT, Critics, Conor Grennan, Grennan, Rick Battle, Teja, Vasudev Lal, Lal, Yinuo Chen, Chen, there'll, Mark Zuckerberg's, she's Organizations: Service, LinkedIn, Google, NYU Stern School of Business, VMware, Intel Labs, Meta Locations: Beijing

☆ Bitcoin's Wild Price Booms and Busts Are Going to Continue Forever
▼ + stars: | 2024-03-06 | by ( Emily Stewart | ) www.businessinsider.com time to read: +8 min

The main explanation for the recent gain in bitcoin's price is the Securities and Exchange Commission's begrudged blessing of spot bitcoin exchange-traded funds, investment vehicles that track bitcoin's price. As bitcoin ETF providers have to invest in the underlying assets — bitcoins — demand for those assets increases. "The speed of the come-up is much faster than I thought," he said, adding that he was specifically surprised at retail-trader activity in the bitcoin ETFs. (Also, not everyone agrees it will be good for bitcoin's price.) Or maybe, just maybe, the latest run will cement bitcoin's future as a more stable part of people's investment portfolios.

Persons: Bitcoin's, bitcoin, David Yermack, University's, who've, BlackRock's, Eric Balchunas, James Butterfill, it's, Butterfill, shiba inu, Nic Carter, Carter, Bitcoin, Yermack, Emily Stewart Organizations: bitcoin, University's Stern School of Business, Securities, Exchange, SEC, Wall, Fidelity, University's Stern School of, Bloomberg Intelligence, Federal Reserve, New York Community Bancorp, Castle, Ventures, Business Locations: New, bitcoin, BlackRock, David Yermack , New

☆ Nvidia's AI pathway is not as easy or open to profits as markets assume, says NYU's Damodaran
▼ + stars: | 2024-02-29 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNvidia's AI pathway is not as easy or open to profits as markets assume, says NYU's DamodaranAswath Damodoran, NYU Stern School of Business professor, joins 'Closing Bell' to discuss what happens now with equity markets, if the valuation for Nvidia wasn't as overstretched as initially thought, and how investors should view Nvidia's stock now.

Persons: NYU's, Damodoran Organizations: NYU Stern School of Business, Nvidia wasn't

☆ Inside New York Fashion Week where subtle luxury still reigns supreme
▼ + stars: | 2024-02-12 | by ( Amanda Krause | ) www.businessinsider.com time to read: +4 min

Quiet luxury was everywhere at Badgley Mischka's runway show during New York Fashion Week. A model walks the Badgley Mischka runway during New York Fashion Week. Advertisement"I'm always quiet luxury," she said while pointing to her Cartier glasses, which were a gift from her daughter Jordyn. Elizabeth Woods attends the Badgley Mischka runway show during New York Fashion Week. "I'm from Connecticut, where quiet luxury is the thing, so I just see so much that I'm over it."

Persons: —, Badgley Mischka, Kelly Rutherford, Jonathan Cheban, Adrienne Bailon, Houghton, Rian, Mark Badgley, James Mischka —, it's, Amanda Krause, Daisy Marquez, Elizabeth Woods, Jordyn Woods, doesn't, Cartier, Jordyn, Hailey Bieber's, Thomaï, You've, Gen, Sofia Richie, Jeremy Moeller, Molly Farrell, Savage, Eva Marcille, Marcille Organizations: New York, Service, Starrett, Lehigh, York, NYU's Stern School of Business, Housewives, Atlanta Locations: New, New York City, Rhode, I'm, Connecticut

☆ Why do people keep uninsured money in banks?
▼ + stars: | 2024-02-12 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +10 min

Somehow, the same issue plaguing last year’s failed banks is back in focus at the latest bank in crisis: massive loads of uninsured deposits. To be sure, the risk isn’t anywhere close to that of the banks that failed last year: About 94% of domestic deposits at Silicon Valley Bank were uninsured and 90% of Signature Bank’s deposits were uninsured, according to the Federal Reserve. The money is guaranteed by the Federal Deposit Insurance Corporation, which is funded by fees paid by major US banks. About 40% of all money in the US, or $8 trillion, sitting in banks is uninsured, said Lawrence White, a professor at New York University’s Stern School of Business. “It also risks violating the FDIC’s statutory requirement to resolve failed banks and protect insured depositors in the least expensive way possible.”Sometimes, he said, rescuing those uninsured depositors may be the cheapest way to protect insured depositors at banks.

Persons: NYCB, Brian Snyder, James Lee, David Wessel, Lawrence White, University’s, Banks, Ting Shen, ”, Kori Suzuki, JPMorgan Chase, Michael Ohlrogge, Maxine Waters, Elizabeth Warren, “ Organizations: New, New York CNN, New York Community Bancorp, Investors, Silicon Valley Bank, Federal Reserve, Bank, Xinhua, Federal Deposit Insurance Corporation, FDIC, Reuters, Brookings Institution, International Monetary Fund, University’s Stern School of Business, US Treasury, Bloomberg, Getty, Securities and Exchange Commission, Valley Bank, Signature Bank, JPMorgan, Bank of America, Citigroup, First Republic Bank, New York University’s School of Law, Financial Services, Banking Committee, CBS, Bank Coalition of America Locations: New York, Silicon, United States, New, ”, Washington , DC, San Francisco , California, Sen

☆ Thanks to Taylor Swift, ads aimed at women are taking the Super Bowl by storm
▼ + stars: | 2024-02-06 | by ( Jordan Valinsky | Alexandra Peers | ) edition.cnn.com time to read: +3 min

New York CNN —Women watch the Super Bowl, too, right? In a bigger shift, several longtime Super Bowl advertisers, like M&M’S, have spots featuring women who, for a change, aren’t just sipping soda in tight pants. So Cardi B plugs Duck Plump lip gloss for L’Oreal NYX Professional Makeup, the first time the brand has advertised on the Super Bowl. cosmetics, also a first-time Super Bowl advertiser, reunites (some of) the cast of “Suits” in its spot as the lawyers haul various celebrities into court. As for at least one of the potential stars of the show, despite performing in Japan the previous day, Swift will likely attend the Super Bowl.

Persons: Taylor Swift, Travis Kelce, “ Taylor, Paul Hardart, New York University’s, “ Swift, Kelce, ”, it’s, Bud Light, Scarlett Johansson, Jennifer Aniston, David Schwimmer, Kate McKinnon, “, Jenna Ortega, Swift Organizations: New, New York CNN, Super Bowl, Kansas City, New York, New York University’s Stern School of Business, CNN, San Francisco 49ers, Kansas City Chiefs, Super, CBS, Anheuser, Budweiser, “ Mayo, Embassy of Locations: New York, Kansas, Las Vegas, Hellman's, Japan, Embassy, Embassy of Japan

☆ The 'mob wife' trend takes over after quiet luxury — and it's easier on the wallet
▼ + stars: | 2024-02-02 | by ( Jessica Dickler | ) www.cnbc.com time to read: +2 min

James Gandolfini as Tony Soprano and Edie Falco as Carmela Soprano seek counseling in HBO's hit television series, "The Sopranos" (Year 3). HBO | Hulton Archive | Getty ImagesQuiet luxury is out and the 'mob wife' era is in, according to Kayla Trivieri's viral TikTok video. Think: Carmela Soprano in HBO's "Sopranos," cheetah print and lots of eye liner. How we got to the 'mob wife' eraHow to achieve the 'mob wife' lookAlthough the character Carmela Soprano wasn't necessarily frugal, appropriating her style costs a lot less than the quiet luxury looks that emerged after Gwyneth Paltrow's ski accident trial last March. watch nowToday's 'mob wife' aesthetic is less about cashmere sweaters and camel-hued coats and more about bold accessories such as gold hoop earrings, a leopard print jacket or vintage fur.

Persons: James Gandolfini, Tony Soprano, Edie Falco, Carmela Soprano, Kayla Trivieri's, HBO's, Thomaï Serdari, University's, Carmela Soprano wasn't, Gwyneth Paltrow's, Paltrow, Celine, Prada, Carolyn McClanahan Organizations: HBO, University's Stern School of Business, Planning Partners Locations: New, thrifting, Jacksonville , Florida

☆ Super Bowl commercials 2024: Crypto and AI are out, insurance and mayo are in
▼ + stars: | 2024-02-02 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

New York CNN —For many, the Super Bowl is a three-hour showcase of ads with a football game shown occasionally during the breaks. that previously used the game to “either generate awareness or establish some form of legitimacy by having a Super Bowl ad,” Hardart said. Her star power makes the Super Bowl somehow an even bigger deal, particularly to some people who might not have cared to watch the game in the past. and L’Oreal’s NYX makeup buying ads for the first-time and Dove Body Wash returning to the Super Bowl after an absence of nearly 20 years. “The game between two well-known and well-liked teams, paired with the attendance of Swift could lead this to be the largest Super Bowl audience in years,” he predicts.

Persons: Paul Hardart, New York University’s, “, ” Hardart, it’s, Bud Light, Taylor Swift, She’s, Chiefs, Travis Kelce, Hardart, ” That’s, Swift, ” Organizations: New, New York CNN, San Francisco 49ers, Kansas City Chiefs, New York, New York University’s Stern School of Business, CNN, CBS, Farm, BMW, “, Super Locations: New York, Japan, Las Vegas

☆ Feeling Stuck? Here Are 5 Ways to Jumpstart Your Life.
▼ + stars: | 2024-01-25 | by ( Christina Caron | ) www.nytimes.com time to read: +1 min

From the outside, it looked as though Adam Alter was gliding along. At 28, he had earned a doctorate in psychology from Princeton and soon afterward landed a job as a tenure-track professor at the N.Y.U. But he felt stuck. Preparing to teach while simultaneously doing research became overwhelming, especially after having just emerged from five intense years of graduate school. And although he was often surrounded by people in New York City, he missed having a close network of friends.

Persons: Adam Alter, ”, ” Dr, Alter Organizations: Princeton, Stern School of Business Locations: New York City

☆ The market is overvalued by 9-10%, says NYU's Aswath Damodaran
▼ + stars: | 2024-01-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe market is overvalued by 9-10%, says NYU's Aswath DamodaranAswath Damodaran, NYU Stern School of Business, joins 'Closing Bell' to discuss whether he reasoning for the market being overvalued

Persons: NYU's, Damodaran Organizations: NYU Stern School of Business

☆ I'm a student at NYU Stern. The school can be perceived as cutthroat and competitive, but I've found a supportive community.
▼ + stars: | 2023-11-30 | by ( Vincent Campanaro | ) www.businessinsider.com time to read: +6 min

I hesitated to enroll in NYU Stern because of its reputation for being cutthroat and competitive. AdvertisementChoosing New York University's Stern School of Business as my new home was not a decision I took lightly. I've discovered the reality at Stern contrasts sharply with the stereotypesContrary to popular belief, the stereotypes about Stern students are just that — stereotypes. AdvertisementStern is not a traditional college experience, but it's perfect for meMany people say the Stern experience is like getting your MBA as an undergrad. The school's hyperfocused approach, combined with the lack of a "traditional" college campus differentiates it starkly from a conventional college experience.

Persons: NYU Stern, —, University's, Stern, I've, résumés, they've, It's Organizations: NYU, Service, University's Stern School of Business, U.S . News, Stern Locations: Wall, Manhattan

☆ The market doesn't seem egregiously overvalued into 2024, says NYU's Aswath Damodaran
▼ + stars: | 2023-11-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe market doesn't seem egregiously overvalued into 2024, says NYU's Aswath DamodaranAswath Damodaran, NYU Stern School of Business professor, joins 'Closing Bell' to discuss the rally's staying power and more.

Persons: NYU's, Damodaran Organizations: NYU Stern School of Business

☆ Macy’s Thanksgiving Day Parade Shuns Boycott Demands From Hate Group
▼ + stars: | 2023-11-17 | by ( Stefanos Chen | More About Stefanos Chen | ) www.nytimes.com time to read: 1 min

group is organizing a boycott of Macy’s Thanksgiving Day Parade over performances by nonbinary Broadway actors, in the latest attempt to force companies to reverse course on social issues that some far-right groups consider too liberal. But the parade has long had close ties to Broadway, one of the most L.G.B.T.Q. The group, which is called One Million Moms, says it has drawn about 33,000 signatures in support of its boycott. But it appears to have overplayed its hand, said Scott Galloway, a professor of marketing at New York University Stern School of Business. “I think this is the easiest ‘no’ in the history of Macy’s,” Mr. Galloway said.

Persons: nonbinary, ’, Scott Galloway, Mr, Galloway, ” Organizations: nonbinary Broadway, Budweiser, Broadway, New York University Stern School of Business

☆ I assume Instacart will maintain market share of online grocery, says NYU's Aswath Damodaran
▼ + stars: | 2023-11-09 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailI assume Instacart will maintain market share of online grocery, says NYU's Aswath DamodaranAswath Damodaran, NYU Stern School of Business professor, and CNBC's Bob Pisani join 'The Exchange' to discuss the health of the IPO market, Instacart's valuation, and more.

Persons: NYU's, Damodaran, Bob Pisani Organizations: NYU Stern School of Business

☆ Young people who work remotely are 'probably not going to become CEOs' and make tons of money, an NYU business professor says
▼ + stars: | 2023-11-04 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +4 min

Gen Zers choosing remote work and work-life balance may face consequences further down the line. That's according to NYU professor Suzy Welch who spoke with Insider about Gen Z's work habits. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . She said: "There's never really been a time where you could just sort of show up at work, work nine to five and have wild success.

Persons: Suzy Welch, Welch, —, Gen Zers, They're, Scott Galloway, they're, There's, it's, That's Organizations: Service, York University, NYU Stern School of Business, Deloitte Locations: adulting

☆ 'Soul-crushing' and 'depressing': The 9-to-5 is facing a reckoning on social media as users rally against the outdated work schedule
▼ + stars: | 2023-11-02 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +5 min

The discussion around whether the 9-to-5 work schedule is outdated is going viral on social media. People are saying they're exhausted and that they have no time or energy to do anything after work. AdvertisementAdvertisementThe longstanding custom of working 9-to-5 is facing a reckoning on social media, with some users saying they feel like they're wasting their youth on what they perceive as meaningless work. These videos have been making the rounds on social media and have sparked a discussion around whether the 40-hour work week is outdated. As a result, some workers are pushing back on hustle culture and corporate life and seeking alternatives like four-day work weeks and greater work-life balance .

Persons: —, Brielle, I'm, I've, Andra Berghoff, Suzy Welch, University's, Z, Welch Organizations: Service, Twitter, University's Stern School of Business Locations: Minnesota, New

☆ Apple's biggest risk is the next upgrade not catching on, says NYU's Aswath Damodaran
▼ + stars: | 2023-10-06 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailApple's biggest risk is the next upgrade not catching on, says NYU's Aswath DamodaranAswath Damodaran, NYU Stern School Of Business, joins 'Closing Bell' to discuss the big tech rebound, risks to Apple's performance and more.

Persons: NYU's, Damodaran Organizations: NYU Stern School Of Business

☆ Say goodbye to the girlboss: The 'snail girl era' is here, encouraging young women to live a slower, more relaxed lifestyle
▼ + stars: | 2023-10-05 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +5 min

Gen Z are abandoning the girlboss lifestyle to enter the new "snail girl era" taking off on TikTok. The term "snail girl" was coined by Sienna Ludbey in an article for Fashion Journal in September titled "'Snail girl era': Why I'm slowing down and choosing to be happy rather than busy." "'Hot take for the week, my inner girlboss is dead and my 'snail girl' era has begun,'" Ludbey wrote. Its features editor Maggie Zhou said in the video: "the girlboss is rolling over in her grave, welcome to the snail girl era." Although choosing the snail girl lifestyle may be more gratifying, it could result in financial or other consequences further down the road.

Persons: —, Sienna Ludbey, Ludbey, Michelle P, Netflix's, Sheryl Sandberg's, King, Maggie Zhou, Suzy Welch, University's, Welch, who's Organizations: Service, Fashion Journal, Fashion, University's Stern School of Business Locations: New

[1/2] A smartphone with the Electronic Arts logo is seen in front of a displayed stock graph in this illustration taken September 16, 2021. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsSept 29 (Reuters) - Electronic Arts (EA.O) on Friday launched its first soccer game without the FIFA tag, betting its "FC 24" title will maintain the momentum in its best-selling franchise and provide a bulwark against an industry slowdown. That has left "FC 24" without the visibility and marketing heft the FIFA brand enjoyed. EA has tried to boost the appeal of "FC 24" with new features such as cross-platform play and HyperMotion V technology that uses data from real footage to program in-game movements. Analysts also believe the FIFA split should unlock a bigger marketing budget for "FC 24", which has retained licenses to most of the soccer leagues, teams and players.

Persons: Dado Ruvic, Joost Van Dreunen, Michael Pachter, Pachter, Zaheer Kachwala, Shinjini Organizations: REUTERS, Electronic, FIFA, EA, FC, NYU's Stern School of Business, Wedbush Securities, Apex, Thomson Locations: United States, Bengaluru

Judge Arthur Engoron in his bombshell decision also canceled the New York business certificates of Trump, the Trump Organization, and the other defendants, including two of his sons, in a lawsuit by the state Attorney General's Office. The defendants in the case include Trump, his sons Donald Trump Jr. and Eric Trump, former Trump Organization Chief Financial Officer Allen Weisselberg, company executive Jeff McConney, and Trump Organization entities. Engoron also ordered sanctions of $7,500 for five attorneys who represented the Trump defendants for making frivolous and previously rejected arguments in court filings. In the fourth criminal case, Trump is charged with falsifying business records related to a 2016 hush money payment to porn star Stormy Daniels. Even after Engoron appointed an independent financial monitor for the Trump Organization last year, "defendants have continued to disseminate false and misleading information while conducting business," the judge wrote.

Persons: Donald Trump, Arthur Engoron, Letitia James, Chris Kise, Trump, Kise, Engoron, James, Donald Trump Jr, Eric Trump, Allen Weisselberg, Jeff McConney, Stormy Daniels, Engoron's, Trump's, Alina Habba, Habba Organizations: Team Trump Iowa, Jackson, Fairgrounds, New, Trump, Trump Organization, General's, NYU Stern School of Business, Engoron, Federal Locations: Maquoketa , Iowa, New York, United States, Lago, Florida, Palm Beach Florida, Palm Beach, New York City, Springs, Westchester County , New York, Aberdeen, Scotland, American, New York State

☆ Instacart founder Apoorva Mehta says his 'empty fridge' was the inspiration for the delivery startup
▼ + stars: | 2023-09-25 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

Instacart founder's empty fridge was the "lightbulb moment" for coming up with the idea for the delivery startup, he said. Apoorva Mehta walked away with over $1.1 billion in net worth after the delivery startup's IPO on Wednesday. AdvertisementAdvertisementMehta walked away with a fortune of over $1.1 billion after his delivery startup's IPO on Tuesday. Before starting the company, Mehta quit his job at Amazon in 2010 and moved to San Francisco to become an entrepreneur. During the early stages of Instacart, Mehta also said he missed the application deadline for the startup accelerator YCombinator by over two months.

Persons: Apoorva Mehta, Instacart, Mehta, Fidji Simo, — Aswath, NYU's Stern School of Business —, Damodaran Organizations: Service, Meta, Bloomberg, SEC, NYU's Stern School of Business, Amazon, CNBC Locations: Wall, Silicon, San Francisco, Friday's

☆ Instacart's IPO flops as the stock slumps. Here are 7 reasons why.
▼ + stars: | 2023-09-20 | by ( Alistair Barr | ) www.businessinsider.com time to read: +6 min

This is one of the concerns that has turned Instacart's IPO into a flop on its second day as a public company. To be successful, an IPO must deliver a big pop to the investors who signed on to buy stock when it debuts. He came out with an analysis of Instacart's business on Tuesday, valuing the company at $29 a share. The reason: The grocery business is low-margin, so there's not a lot of room for Instacart to skim more fees. "In short, the growth in online grocery sales will be higher than total grocery sales growth, but not overwhelmingly so."

Persons: Aswath Damodaran, Fidji Simo, Instacart, Rowe Price, Damodaran, there's, Uber, Instacart doesn't Organizations: Service, Fidelity, DST Global, NYU's Stern School of Business, Instacart Shoppers, Shoppers, Tech Locations: Wall, Silicon, Aswath, COVID

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