Amid a broader stock market selloff, Wedbush's Ygal Arounian comments on Doordash (DASH) and its planned acquisition of Maplebear's (CART) Instacart for $17 billion. He believes the two companies pair well together and anticipates the acquisition bringing scale to Doordash's grocery delivery service. As the Nasdaq-100 (NDX) tumbles and Doordash sells with the rest of the stock market, Arounian believes investors may question if the acquisition deal goes through as regulation concerns mount.
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