yeah, order volume is flat but ad business is growing significantly, and it seems that their primary competitor (doordash) is growing at the expense of shipt and/or amazon, not instacart; and, a lot of the YoY flatness is explained away in the S-1 (up to you if you agree with their logic).
agreed that it seems unlikely they can grow their per order profit but you never know, I guess.
agreed that it seems unlikely they can grow their per order profit but you never know, I guess.