Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. New York City Mayor Zohran Mamdani said Thursday that DoorDash Inc.'s $17 billion deal to buy Instacart will raise prices for the city, but the company's CEO Tony Xu said it will make delivery faster and more affordable. Mamdani Objects to DoorDash-Instacart Deal On Thursday, DoorDash agreed to acquire Maplebear Inc., which does business as Instacart, for $65 per share, a 26% premium to its Oct. 22 close. "Corporate consolidation means higher prices, harsher exploitation, and greater economic inequality for New Yorkers," Mamdani said in a post on X. Don't Miss: A single bad hire can set a startup back years.
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