AClosing Bell, Monday evening, market's shut but the food delivery business just blew up.
BPolymarket posted that DoorDash is in advanced talks to buy Instacart for around seventeen billion dollars.
ASeventeen billion? That folds grocery delivery right into restaurant delivery.
BIt makes sense to me. DoorDash needs more than takeout, Instacart's squeezed by Walmart and Amazon. Together they cover the kitchen.
AOr they're both chasing the same customer who's tired of fees. This looks defensive, not visionary.
BDefensive pays the bills, Adam. DoorDash stock has been under pressure, consolidation is the exit.
ABut we're not telling anyone what to do with that. And the talks aren't final—Reuters says they could still fall apart.
BRight, advanced talks. My worry is when two giants stop competing, the delivery fees get worse for the rest of us.
ADifferent story: unusual whales posted on X that China's AI bubble has already burst, citing Reuters.
AI can't find that quote anywhere. It's a claim floating around, not a confirmed report.
BSo a rumor with a Reuters label slapped on it. Classic Monday.
AThe AI spending in China is real though. Maybe the bubble's in valuations, not the actual buildout.
BAnd one more piece of chatter: Ethan posted on X that Getty Images filed for Chapter 11, with a failed Shutterstock merger and AI eating the stock photo business.
ANo official confirmation yet, so treat it as a claim. If true, that's another legacy content company getting archived.
BAI doesn't just disrupt, it might bankrupt. That's the closing bell on a busy Monday—more at the top of the hour.