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The Marked Chart Wire · Business
DoorDash Instacart
Sources say DoorDash is in advanced negotiations to acquire Instacart in a deal valued at approximately $17 billion. Instacart shares rose 4 percent in after-hours trading on the news.
Part of a series: DoorDash reportedly nears $17 billion Instacart deal
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DoorDash Instacart
DoorDash is said to be close to finalizing an acquisition of Instacart for approximately $17 billion.
DoorDash Instacart
DoorDash is reportedly in advanced negotiations to acquire Instacart, with the deal potentially closing as soon as this week.
HotMicrosoft
Microsoft lowered its 2026 capital expenditure forecast to $170 billion from $175 billion due to delayed capacity deliveries. The company guided fiscal Q2 revenue to $96 billion to $97.1 billion and Azure growth of 49 to 50 percent.
HotMicrosoft
Microsoft said first-quarter capital spending fell short of targets due to data center delays, though Azure revenue grew 49 percent. The company expects second-quarter spending to exceed $50 billion.
HotMeta Financing
Meta Platforms issued $12.5 billion in mandatory convertible preferred stock and $25 billion in Class A common shares. The preferred shares carry a 6.50 percent annual dividend and will convert in 2029.
HotEarnings
Microsoft and Carvana shares rose after earnings beats, while Google and Fortinet dropped on revenue or margin misses. Sprouts and ServiceNow also declined following weaker results.
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