Zohran Mamdani Says $17 Billion Instacart Takeover Means ‘Higher Prices and Harsher Exploitation,’ DoorDash CEO Says It’ll Make Delivery Cheaper

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.