Grocery delivery app Instacart goes public

Instacart is going public with actual profit to show for itself. But a lot of it has to do with the company’s growing foray into digital advertising, not the basics of its operations.

MARY LOUISE KELLY, HOST:

The grocery delivery app Instacart is now a public company. This morning, the company’s CEO pressed a button in the shape of a giant carrot top – that would be Instacart’s logo – to ring the opening bell of the Nasdaq stock exchange.

(SOUNDBITE OF ARCHIVED RECORDING)

UNIDENTIFIED PEOPLE: Three, two, one.

(CHEERING)

KELLY: NPR’s Alina Selyukh is here to tell us more. Hey, Alina.

ALINA SELYUKH, BYLINE:

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