Note: I’m visiting family in Seattle this week, so I’ve pre-scheduled some visuals for your daily perusal in lieu of normal emails, and there won’t be podcast episodes (we’ll be back to the normal way of doing things on Monday the 25th).
While energy-usage for some at-home utilities (like lighting and refrigeration) are shrinking steadily each year (due to new efficiencies and technologies), others—like air conditioning and EV charging hubs—are increasing as usage goes up and EV batteries grow (and thus, require more energy).
Though it was once valued at around $39 billion, Instacart’s anticipated IPO is expected to value it at around $9 billion: a sharp decrease, but par for the course in a high interest rate era in which IPOs of any size are scarce (and only for the brave).
