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Instacart Shares Plunge on 2nd Day of Trading

Instacart shares plunged yesterday during its second day on the market, the drop began immediately after trading started for the NASDAQ on Tuesday, the company launched its IPO Monday under the ticker symbol C A RT. The long awaited stock opened at $42 on its first day of trading, Instacart saw a rapid boom in business during the pandemic when ordering groceries to be delivered to your home became very, very popular.