business news in context, analysis with attitude

With brief, occasional, italicized and sometimes gratuitous commentary…

•  The Dallas Morning News reports that a new Amazon Go store is scheduled to open this summer in the Dallas Forth Worth International Airport (DFW), which will make it both the first Amazon Go in an airport and the first of the breed to be opened in Texas.

According to the story, "The 600-square-foot kiosk will be located in Terminal D, according to planning documents filed with the state. Construction is estimated to cost $650,000 and is expected to be finished by July 31."

Amazon currently operates Go stores in Seattle, San Francisco, Chicago and New York;  Just Walk Out technology also has been licensed to Hudson, a  retailer operating in a number of airports, such as Newark Liberty International and Dallas Love Field.

•  From The Information:

"Some large investors in Instacart have marked down the value of their stakes in the privately held grocery-delivery company by as much as 18% since it raised funds a year ago at a $39 billion post-investment valuation, previously unreported figures show. The moves indicate that the recent sell-off in technology stocks may be starting to affect investor perceptions of startups that raised at high prices last year, particularly in competitive sectors like online delivery.

"Fidelity’s Growth Company Fund, which holds stock in both private and public companies, on November 30 valued Instacart shares at $102 apiece, an 18% decline from the $125 share price it paid when it invested in the startup’s Series I round in February 2021, according to public filings. The move implied the investor believed Instacart’s valuation had dropped on paper to a little under $32 billion."

Make of this what you will.