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<ul class="summary-list"><li>US stocks rebounded as investors focus on the virtual summit between Presidents Joe Biden and Xi Jinping.</li><li>The yield on 10-year Treasury slipped to 1.578% on Monday compared to Friday's 1.583%. </li><li><keyword id="11896879" type="UNKNOWN" weightage="60" keywordseo="oil" source="Orion">Oil</keyword> and <keyword id="11896079" type="UNKNOWN" weightage="60" keywordseo="gold" source="Orion">gold</keyword> prices moved lower.</li></ul>US stocks rebounded Monday as investors turn their attention to the <a href="https://www.businessinsider.com/xi-jinping-warns-against-cold-war-ahead-of-biden-meeting-2021-11" target="_blank" rel="noopener">virtual summit</a> between US President Joe Biden and Chinese President Xi Jinping and try to look past a continued spike in <keyword id="11894140" type="UNKNOWN" weightage="60" keywordseo="inflation" source="Orion">inflation</keyword>. The two leaders will discuss how to manage the competition between the superpowers, the White House said in a <a href="https://www.whitehouse.gov/briefing-room/statements-releases/2021/11/12/statement-by-press-secretary-jen-psaki-on-president-bidens-virtual-meeting-with-president-xi-jinping-of-the-peoples-republic-of-china/" target="_blank" rel="noopener">statement</a>. The benchmark <keyword id="11898248" type="UNKNOWN" weightage="60" keywordseo="sp-500" source="Orion">S&amp;P 500</keyword> rose Monday after closing with at a loss last week, which broke a five-day winning streak. The tech-heavy Nasdaq-100 and the <keyword id="11907240" type="UNKNOWN" weightage="60" keywordseo="dow-jones" source="Orion">Dow Jones</keyword> Industrial Average both inched higher as well.Here's where US indexes stood at the 9:30 a.m. ET on Monday: <ul><li><a href="https://markets.businessinsider.com/index/s&amp;p_500?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest" target="_blank" rel="noopener">S&amp;P 500</a>: 4,694.54, up 0.25% </li><li><a href="https://markets.businessinsider.com/index/dow_jones?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest" target="_blank" rel="noopener">Dow Jones Industrial Average</a>: 36,209.24, up 0.3% (108.93 points)</li><li><a href="https://markets.businessinsider.com/index/nasdaq_composite?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest" target="_blank" rel="noopener">Nasdaq Composite</a>: 15,909.51, up 0.32% </li></ul>Despite rising inflationary pressures exacerbated by global supply chain disruptions, corporate earnings for the third quarter have mostly outperformed Wall Street's expectations.Data from Fundstrat shows that of the 91% of S&amp;P 500 companies that reported third-quarter earnings so far, 81% have beat profit estimates by a median of 9%, while 72% have beat revenue estimates by an average of 5%.Still, corporate executives are sounding a cautious note on the impact of rising prices on future earnings. The number of <a href="https://markets.businessinsider.com/index/s&amp;p_500?utm_source=markets&amp;utm_medium=ingest" target="_blank" rel="noopener">S&amp;P 500</a> companies mentioning inflation on their earnings calls rose to its highest in 10 years in the third quarter, according to <a href="https://markets.businessinsider.com/news/stocks/inflation-mentions-companies-sp500-cpi-earnings-profit-margins-stocks-2021-11" target="_blank" rel="noopener">data from FactSet</a>.285 companies have cited the term "inflation," the highest number since 2010, with with around 40 S&amp;P 500 companies yet to report. Bond yields slipped Monday after rising sharply the previous week when the release of inflation data raised expectations that the Federal Reserve would have to hike interest rates sooner than expected.The yield on 10-year Treasury slipped to 1.578% on Monday compared to Friday's 1.583%. Bond yields and prices move in opposite directions.Oil prices tumbled as investors weighed the possibility that Biden may authorize the release of strategic reserves.<a href="https://markets.businessinsider.com/commodities/oil-price?type=wti?utm_source=markets&amp;utm_medium=ingest" target="_blank" rel="noopener">West Texas Intermediate crude</a> oil fell as much as 0.84% to $80.11 per barrel. <a href="https://markets.businessinsider.com/commodities/oil-price?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest" target="_blank" rel="noopener">Brent crude</a>, oil's international benchmark, edged lower by 0.92% to $81.41 per barrel.<a href="https://markets.businessinsider.com/commodities/gold-price?utm_source=markets&amp;utm_medium=ingest" target="_blank" rel="noopener">Gold</a> slipped slightly by 0.04% to $1,864.56 per ounce.

US stocks rebound from losing week as Biden-Xi summit nears and inflation fears ease

<ul class="summary-list"><li><keyword id="10988599" type="UNKNOWN" weightage="60" keywordseo="gopuff">Gopuff</keyword> has confirmed it is buying UK grocery app <keyword id="10565581" type="UNKNOWN" weightage="60" keywordseo="dija">Dija</keyword>.</li><li>Insider reported in June that Dija was in sale discussions with Gopuff and German rival Gorillas.</li><li>This marks Gopuff's second UK acquisition after it bought Fancy in May.</li></ul>US grocery delivery firm Gopuff is buying up 9-month-old British grocery delivery app Dija, marking its second UK acquisition within a few months.Terms of the deal have not been disclosed. Insider's Callum Burroughs <a href="https://www.businessinsider.com/grocery-app-acquisition-grab-gopuff-gorillas-dija-2021-6">first reported in June that Dija was in talks</a> with potential acquirers including Gopuff.The deal boosts Gopuff's presence in the UK, and gives it a route into Spain and France, where Dija expanded in April. Gopuff said it will operate across the three European countries with some 40 "dark stores" and 200 employees.Dija will continue to operate as a standalone brand for the time being."For the last eight years, Gopuff has been the market and category leader in the United States," said Dija CEO Alberto Menolascina. "Together, combined with our team's extensive experience of building and scaling food and delivery companies across Europe, we are perfectly positioned to lead the everyday essentials space in Europe and beyond."The deal is indicative of a land grab in the superfast grocery delivery sector.Gopuff was founded in 2013, evolving from a hookah delivery service for college students into a major convenience store delivery operator. Consumers can order anything from snacks to alcohol via its app to their home, with deliveries fulfilled in microfulfilment centers, or dark stores, and shipped out by gig workers.The idea has exploded in Europe over the last 18 months, coinciding with pandemic stay-at-home orders.Dija was incorporated in November 2020 by former Deliveroo employees Alberto Menolascina and Yusuf Saban, with the aim of offering deliveries of convenience store items in as little as 10 minutes.At the time, Insider reported that the firm was in ultimately successful talks to raise $20 million from Blossom Capital, Creandum, and Deliveroo-backer Index Ventures <a href="https://www.businessinsider.com/dark-store-grocery-delivery-europe-fomo2020-11">before it even had an app or website</a>.Dija <a href="https://www.businessinsider.com/dija-10-minute-grocery-delivery-startup-launches-first-operations-in-london-2021-3">launched its service in London in March 2021</a> and <a href="https://www.businessinsider.com/dark-store-grocery-delivery-europe-fomo2020-11">immediately faced competition</a> from other fast-growing competitors such as Germany's Gorillas, Weezy, and the longer-established Getir. The explosive growth of the sector has also attracted the attention of large-scale delivery firms like US delivery giant DoorDash, <a href="https://www.ft.com/content/9cccd541-0a44-4002-af6e-35fe7ef46445">which is in talks to invest in Gorillas</a>.Around $14 billion has been invested into the delivery apps since the start of the pandemic, <a href="https://www.ft.com/content/87cd997e-534a-4b9c-94ce-8ee419efe184" target="_blank" rel="noopener noreferrer">according to figures from Pitchbook</a>. The rate of investment intensified in 2021 too with more being poured into the sector in the opening three months than the whole of last year.It's likely that further consolidation will follow in the sector, thanks to the huge amount of cash required by the various players to out-compete each other for customers, riders, and marketing.Nazim Salur, whose firm Getir is valued at $7.5 billion, <a href="https://www.businessinsider.com/interview-getir-founder-2-8-billion-valuation-grocery-delivery-app-2021-4">told Insider in May</a>: "[The] investment amounts early are quite high, much higher than other startups need. You need a lot of people, a lot of stores. A lot of customers, and you need them fast."And now, in selected cities, there's more than one or two players, so if you're a little slow, somebody else can win the market."If you're not doing the right things early, the investors that back you early may not be there for the following rounds."

Gopuff confirms it's buying 9-month-old superfast grocery delivery app Dija

<ul><li>US equities gained on Friday morning as the weak jobs report spurred investors hopes for a larger fiscal stimulus package to boost the economy.</li><li>American businesses shed 140,000 nonfarm payrolls last month, the <a href="https://www.bls.gov/news.release/empsit.nr0.htm" target="_blank" rel="noopener">Bureau of Labor Statistics said Friday</a>. The reading is weaker than consensus economist estimates that foresaw 50,000 job additions, according to Bloomberg data. </li><li>"In the face of endless amounts of readily available fiscal and monetary stimulus, the stock market has so far refused to pay attention to the economic data points that matter, like the weak jobs numbers," James McDonald, Hercules Investments CEO said.</li><li><a href="https://markets.businessinsider.com/indices">Watch major indexes update live here</a>.</li></ul>US equities gained on Friday morning as the weak jobs report prompted investors to hope for a larger fiscal stimulus package to boost the economy.The US economy saw a <a href="https://www.businessinsider.com/december-jobs-report-140000-payrolls-lost-unemployment-rate-coronavirus-recession-2021-1">surprise decline in payrolls in December</a> as stricter COVID-19 lockdown measures extended the nation's unemployment crisis into the new year. American businesses shed 140,000 nonfarm payrolls last month, the <a href="https://www.bls.gov/news.release/empsit.nr0.htm" target="_blank" rel="noopener">Bureau of Labor Statistics said Friday</a>. The reading is weaker than consensus economist estimates that foresaw 50,000 job additions, according to Bloomberg data. The country's unemployment rate stayed steady at 6.7% in December, slightly lower than the median economist estimate of 6.8%.Here's where US indexes stood shortly after the 9:30 a.m. ET open on Friday:<ul><li><a href="https://markets.businessinsider.com/index/s&amp;p_500?utm_source=markets&amp;utm_medium=ingestm=ingest" target="_blank" rel="noopener">S&amp;P 500</a>: 3,821.88, up 0.5%</li><li><a href="https://markets.businessinsider.com/index/dow_jones?utm_source=markets&amp;utm_medium=ingestgest" target="_blank" rel="noopener">Dow Jones industrial average</a>: 31,090.64, up 0.2.% (50 points)</li><li><a href="https://markets.businessinsider.com/index/nasdaq_composite?utm_source=markets&amp;utm_medium=ingestgest" target="_blank" rel="noopener">Nasdaq composite</a>: 13,168.19, up 0.8%</li></ul>Read more: <a href="https://www.businessinsider.com/stock-picks-to-buy-6-growth-firms-aram-green-clearbridge-2021-1" target="_blank" rel="noopener">A growth-fund manager who's beaten 96% of his peers over the past 5 years shares 6 stocks he sees 'dominating their space' for the next 5 to 10 years - including 2 he thinks could grow 100%</a>"In the face of endless amounts of readily available fiscal and monetary stimulus, the stock market has so far refused to pay attention to the economic data points that matter, like the weak jobs numbers," James McDonald, Hercules Investments CEO said."We expect stock <keyword id="31671" type="CITY" weightage="100" keywordseo="markets">markets</keyword> to continue to move higher and bond markets to continue to move lower (price down, yields up) as the likelihood of additional fiscal stimulus out of Washington is high and the continued support of the Federal Reserve is likely as well," said Chris Zaccarelli, Chief Investment Officer for Independent Advisor Alliance. Bitcoin hit a <a href="https://markets.businessinsider.com/currencies/news/bitcoin-hits-new-record-high-of-41000-2021-1-1029943150?nr_email_referer=1&amp;utm_source=sailthru&amp;utm_medium=email&amp;utm_content=opening_bell&amp;utm_campaign=post%20blast%20moneygame:%2010%20things%20you%20need%20to%20know%20before%20the%20opening%20bell&amp;utm_term=10%20things%20before%20the%20opening%20bell%20-%20engaged%2c%20active%2c%20passive%2c%20disengagedsive%2c%20disengaged">new all-time high of more than $41,000 on Friday morning</a>, staging a rapid recovery despite falling to less than $37,000 overnight. The red-hot cryptocurrency has more than doubled in value over the last month, and risen over 30% in 2021 so far. Michael Burry, whose lucrative wager on the US housing bubble's collapse in 2007 was captured in "The Big Short," <a href="https://markets.businessinsider.com/news/stocks/big-short-michael-burry-predicts-tesla-stock-price-housing-bubble-2021-1-1029943006">tweeted on Thursday that Tesla stock could implode</a> in a similar fashion. "Well, my last Big Short got bigger and bigger and BIGGER too," the Scion Asset Management boss said as Tesla jumped 8%. "Enjoy it while it lasts."Read more: <a href="https://www.businessinsider.com/stocks-to-buy-q1-2021-bank-of-america-stock-picks-1" target="_blank" rel="noopener">BANK OF AMERICA: Buy these 8 US stocks poised to soar in the first quarter of 2021- and avoid these 2 at all costs</a>Meanwhile, <a href="https://markets.businessinsider.com/news/stocks/chamath-palihapitiya-tesla-stock-price-target-elon-musk-net-worth-2021-1-1029941932">billionaire investor Chamath Palihapitiya said Tesla's stock could be worth three times its current valuation</a>, which would make CEO Elon Musk the first trillionaire."Don't sell a share" of Tesla, Palihapitiya told investors <a href="https://www.cnbc.com/2021/01/07/chamath-palihapitiya-says-theres-a-big-disruption-coming-that-will-cause-tesla-to-double-again.html" target="_blank" rel="noopener">in a CNBC interview on Thursday</a>. Gold dipped 2%, to $1,876.51, at intraday lows. The US dollar strengthened against most of its Group-of-10 currency peers, while 10-year Treasury yields climbed further above 1%, where they haven't been since March.Oil prices climbed amid a drop in US inventories. <a href="https://markets.businessinsider.com/commodities/oil-price?type=wti?utm_source=markets&amp;utm_medium=ingestgest" target="_blank" rel="noopener">West Texas Intermediate crude</a> rose as much as 2%, to $51.83 per barrel. <a href="https://markets.businessinsider.com/commodities/oil-price?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingestarkets&amp;utm_medium=ingest" target="_blank" rel="noopener">Brent crude</a>, oil's international benchmark, gained 2.1%, to $55.50 per barrel, at intraday highs.Read more: <a href="https://www.businessinsider.com/stock-picks-buy-cheap-financials-insurance-banks-dividends-deutsche-bank-2021-1" target="_blank" rel="noopener">Deutsche Bank says buy these 14 beaten-down financial stocks poised for a bullish recovery from 2020's 'savage sell-off' - including one that could rally 30%</a>

Dow, S&P 500 add to records as weak jobs report boosts stimulus expectations

<ul class="summary-list"><li>Grocery-delivery startup Getir has acquired its German rival Gorillas at a hefty discount.</li><li>Gorillas tried to raise capital to continue to operate on its own but has accepted the deal from Getir.</li></ul>Troubled grocery-delivery startup Gorillas has been acquired by its larger Turkish competitor Getir for a hefty discount Insider first reported last month that Berlin-based <a href="https://www.businessinsider.com/getir-set-to-acquire-gorillas-for-less-than-1-billion-2022-11?r=US&amp;IR=T">Gorillas, founded in 2020, would likely be sold at a discount</a>. The Financial Times <a href="https://www.ft.com/content/aba36d58-f1d5-45f5-bb6d-2ee7d9aa07d5">reported</a> Friday that the Getir-Gorillas deal was worth $1.2 billion and mostly comprised equity. Gorillas was last valued at $3 billion in 2021.Tiger Global-backed Getir, which was founded in 2015, confirmed the news in a statement on Friday. The company said its acquisition of Gorillas underscored how it led "consolidation" in the rapid delivery sector."Markets go up and down, but consumers love our service and convenience is here to stay," Getir founder Nazim Salur said. "The super fast grocery delivery industry will steadily grow for many years to come and Getir will lead this category it created 7 years ago."Insider has approached Getir and Gorillas for further comment.Gorillas was one of a batch of startups that emerged during the pandemic promising to deliver groceries to customers' doors in minutes. The Berlin-based company, which slashed hundreds of jobs in May, counted the likes of hedge fund Coatue, tech giant Tencent, and DST Global among its backers.The startup benefitted from an era of cheap cash where investors were happy to pump capital into loss-making businesses, plus the pandemic inducing global lockdowns.Gorillas and its rivals gained notoriety for pursuing competitive ad campaigns that sought to onboard customers through aggressive discounts, and for establishing a pricey delivery model that involved setting up so-called dark warehouses to deliver on their promises of getting groceries to customers in less than 30 minutes. However, a post-pandemic shift in habits, the shift in macroeconomic conditions driven by high inflation, and the war in Ukraine turned investors cold on startups that are regularly losing cash.Nalin Patel, lead analyst for EMEA private capital at Pitchbook, said the deal made sense strategically as both Getir and Gorillas battled with layoffs in the face of these growing macro challenges.Patel pointed to a fall in discretionary spending, as rising inflation has forced consumers to tighten their purse strings, as well as a reduced reliance on rapid grocery delivery services in general as COVID-19 restrictions that were in place during 2020 and 2021 had been lifted."This combination of factors has meant fewer people are using these platforms, and growth has been much harder to achieve, particularly in a low margin and crowded industry such as the food delivery space, which requires vast scale for profitability," Patel said. The acquisition marks one of the most significant moves to consolidate the rapid grocery delivery market to date at the tail end of a period that has seen several European startups seeking to plant their flag get bought up. In May, German rapid grocery delivery unicorn bought competitor Cajoo, which had been backed by French giant Carrefour in a deal reported to be worth almost $100 million. Getir, meanwhile, had previously acquired smaller British competitor Weezy.The opportunities to buy European startups in the sector have attracted US attention too. US tech firm Gopuff, last valued at $15 billion, agreed to acquire British competitor Dija in August 2021 after it was in business for just eight months.Insider's Tom Dotan reported last December that there would be <a href="https://www.businessinsider.com/shakeout-ultrafast-delivery-apps-gopuff-getir-jokr-gorillas-startup-casualties-2021-12?r=US&amp;IR=T" target="_blank" rel="noopener noreferrer">widespread casualties in the rapid grocery delivery sector in 2022</a>.

Rapid-delivery startup Getir buys its rival Gorillas at a big discount as grocery apps continue to eat each other

<ul class="summary-list"><li>The on-demand <keyword id="2709620" type="PERSON" weightage="60" keywordseo="grocery-delivery">grocery delivery</keyword> startup will launch its service in Brooklyn using bike couriers.</li><li>Goods such as fresh produce, milk, and cat litter will be delivered in under 10 minutes.</li><li>'We are in love with the model,' CEO Kağan Sümer told Insider in an exclusive interview.</li></ul>The red hot <a href="https://www.businessinsider.com/instacart-13-biggest-online-grocery-delivery-challengers-doordash-gopuff-2021-4">on-demand grocery delivery war</a> is about to intensify with the US debut of European startup <keyword id="855786" type="PERSON" weightage="60" keywordseo="Gorillas">Gorillas</keyword> this week. The ultra-fast delivery operator based in Germany told Insider that it plans to kickstart its 10-minute delivery service in select Brooklyn neighborhoods starting May 30. They'll be competing directly with <a href="https://www.businessinsider.com/fridge-no-more-raises-15-million-15-minute-grocery-deliveries-2021-3">Fridge No More</a>, a startup that delivers groceries within 15 minutes to parts of the New York City borough. Read More: <a href="https://www.businessinsider.com/fridge-no-more-raises-15-million-15-minute-grocery-deliveries-2021-3">NYC's Fridge No More specializes in 15-minute grocery deliveries using scooters.</a>Unlike grocery-delivery operators <a href="https://www.businessinsider.com/9-instacart-power-players-helping-the-grocery-delivery-provider-as-it-prepared-for-a-2021-ipo-2021-3">Instacart</a>, <a href="https://www.businessinsider.com/doordash-enters-instacart-territory-by-expanding-beyond-food-delivery-2021-2">DoorDash</a>, and <a href="https://www.businessinsider.com/uber-grocery-competes-instacart-ultrafast-food-delivery-2021-4">Uber</a>, Gorillas does not rely on gig workers to fulfill deliveries. Instead, it employs a fleet of bike couriers who deliver goods from strategically located "dark" warehouses.The delivery fee in the US will cost $1.80 with no minimum purchase required. Consumers can order one item or a basket of goods. However, there are some weight limitations as groceries are delivered by bike. Each warehouse will hold about 2,000 to 2,500 items ranging from fresh produce and milk to cat litter. "We are in love with the model," CEO Kağan Sümer told Insider in an exclusive interview. "So if this model is executed the right way, it is going to be transformative in a big way."<div type="image" title="Gorillas" height="1504" width="2000" msid="82909533" hostid="261"></div>Depending on the neighborhood, Gorillas' delivery choices will also include artisan foods from local businesses. In Brooklyn, Gorillas will carry bagels, ice cream, and chocolate truffles from Black Seed Bagel, OddFellows Ice Cream Co., and Fine and Raw, respectively. On US launch day, the warehouses in Brooklyn will support the following neighborhoods: Bushwick, East Williamsburg, and parts of Downtown Brooklyn including Boerum Hill, Cobble Hill, and Carroll Gardens.In the coming weeks, Gorillas said it plans to "expand quickly" to other parts of Brooklyn, as well as neighborhoods in Manhattan and Queens. "We are also eyeing other urban markets and you can expect to see Gorillas launch in other East, Central and West Coast cities by the end of the summer," a company spokesperson told Insider. Fridge No More also announced plans to expand beyond Brooklyn after its $15 million Series A funding round earlier this year. JOKR, which started delivering grocery and convenience store goods this year in parts of Manhattan, is another startup that ensures delivery in 15 minutes. Gorillas, which launched in June 2020, has more than 80 warehouses in 25 cities in Germany, the Netherlands, UK, and France. It plans to expand to Italy later this month, as well. In Europe, Gorillas <a href="https://www.businessinsider.com/mcdonalds-hit-with-lawsuit-tied-to-advertising-spending-2021-5">competes</a> with Berlin-based Flink, Turkish delivery service Getir, and 10-minute <a href="https://www.businessinsider.com/dija-10-minute-grocery-delivery-startup-launches-first-operations-in-london-2021-3">delivery service Dija. </a>Gorillas <a href="https://www.businessinsider.com/gorillas-unicorn-delivery-startups-ceo-and-cofounder-departs-2021-4">raised</a> $290 million in a Series B round in March led by hedge fund Coatue.<h2>A highly contested US grocery market</h2>Gorillas enters <a href="https://www.businessinsider.com/instacart-13-biggest-online-grocery-delivery-challengers-doordash-gopuff-2021-4">a crowded US space where multiple e-commerce players</a> like <keyword id="1673867" type="COMPANY" weightage="60" keywordseo="Instacart">Instacart</keyword> and startups like <keyword id="10988599" type="UNKNOWN" weightage="60" keywordseo="gopuff">Gopuff</keyword> are competing for market share. These services erupted over the past year as consumer adoption of online ordering accelerated during the pandemic.Online grocery sales grew 54% in 2020, reaching nearly $96 billion, according to <a href="https://www.emarketer.com/content/2021-online-grocery-sales-will-surpass-100-billion?_ga=2.184722025.1509521258.1621265489-1698499640.1608650456&amp;_gac=1.150983108.1619224087.Cj0KCQjw4ImEBhDFARIsAGOTMj_lEuZqUAHyOyAmaDcRKHT4H4bRhmjZi2PIX1yyBo1mhhEElZey_lsaAtfIEALw_wcB_wcB">eMarketer</a>. The segment is projected to surpass $100 billion in spending this year. Instacart is dominating the space and saw huge growth during the pandemic, according to market research firm 1010data. The firm, which analyzes consumer behavior, said Instacart saw a 323% surge in year-over-year sales in 2020. Read More: <a href="https://www.businessinsider.com/instacart-13-biggest-online-grocery-delivery-challengers-doordash-gopuff-2021-4">Here are the 13 companies competing for dominance of the $100 billion grocery industry.</a>Still, with business restrictions easing in the US, the meteoric growth of online grocery orders appears to be slowing. Edison Trends, which tracks online grocery transactions, said e-commerce grocery spending was up 88% in February 2021, compared to February 2020. In March, overall spending increased by just 37%. This, however, doesn't concern Sümer. While some consumers will return to "traditional" in-store shopping, Gorillas is betting more people will stick to online <keyword id="62452" type="PERSON" weightage="60" keywordseo="grocery-shopping">grocery shopping</keyword> because they've grown addicted to fast delivery services. "These people adapted, tasted this convenience, so they will want to keep on," he said.

Gorillas, the ultra-fast delivery operator from Germany, plans to make its US debut in New York City this month

<ul class="summary-list"><li>Saying doctors don't take their <keyword id="12492173" type="UNKNOWN" weightage="60" keywordseo="cystic-acne" source="Orion">cystic acne</keyword> seriously, women are touting unproven cures on <keyword id="11894125" type="UNKNOWN" weightage="60" keywordseo="tiktok" source="Orion">TikTok</keyword>.</li><li>Apple-cider vinegar, Vicks VapoRub, and "spot stickers" are among the treatments racking up views.</li></ul>Sandy Singh first started experiencing cystic <keyword id="11952991" type="UNKNOWN" weightage="60" keywordseo="acne" source="Orion">acne</keyword> at 14. Over the course of the next decade, she battled the painful red pustules, which covered her cheeks and chin. She recalls avoiding dates, university classes, and most social situations because she was so embarrassed."When I saw myself in the mirror, I cried," she said. "I wanted it all gone."But to her doctor, Singh said, she was just another of the hundreds of teenage girls passing through his doors. He refused to prescribe anything stronger than <a href="https://www.insider.com/twitter-reactions-kendall-jenner-proactiv-announcement-2019-1">the over-the-counter Proactiv skin system</a>, promising that her teenage pimples would "soon pass."When a classmate called Singh "pepperoni pizza face," it was the last straw. She took her treatment into her own hands, cutting dairy from her diet and experimenting with aloe vera for the pain and scarring. The method that she said finally cleared up her skin: drinking daily shots of apple-cider vinegar. Now 27, Singh has accumulated over 240,000 TikTok followers by sharing her <a href="https://www.tiktok.com/@sangangx/video/7036465708284415279?_d=secCgwIARCbDRjEFSACKAESPgo8dZ%2B83Zsnj3aAfgbM3wTuiU%2BenGryCVRw%2FbxEWjBU%2BXRstjn1wIFpX8LT1em8OIr%2BQVw5ywlvIURCShMhGgA%3D&amp;_r=1&amp;checksum=6569fb5a915567531855f17bae1be3374d23303b632f553f3121295c51f21d76&amp;language=en&amp;preview_pb=0&amp;sec_user_id=MS4wLjABAAAA-rt_qn5mXfrkyQZ6ssRRoR_MBejSHsBjWF-IB2Tx3CeeNkqtxbyRn8Qte0ON9Et-&amp;share_app_id=1233&amp;share_item_id=7036465708284415279&amp;share_link_id=EC776E33-C5FC-4B6A-AA5F-50BBF932D481&amp;source=h5_m&amp;timestamp=1643843137&amp;tt_from=copy&amp;u_code=dg00bgg48lcjcd&amp;user_id=6903127816868316161&amp;utm_campaign=client_share&amp;utm_medium=ios&amp;utm_source=copy">personal journey with cystic acne</a>. She regularly advocates for apple-cider vinegar and continues to use it as a toner.That's despite the fact that <a href="https://www.healthline.com/nutrition/apple-cider-vinegar-and-acne">there's no evidence apple-cider vinegar works to combat acne</a>, according to <a href="https://drophelia.com/">Dr. Ophelia K. Veraitch</a>, a London-based dermatologist. Veraitch describes the use of ACV as "social-media rubbish which could actually irritate the skin and aggravate the acne." Even when only ingested, the vinegar can cause nausea and loss of appetite.Singh said she knows her ACV regime isn't recommended by <keyword id="12361127" type="UNKNOWN" weightage="60" keywordseo="dermatologists" source="Orion">dermatologists</keyword>. But as long as it works for her, she doesn't care."Yeah, I had a loss of appetite," said Singh, who lost weight when she started drinking the vinegar. "But I was way happier that my face was clearing up."<div type="image" title="Sandy Singh, a woman with cystic acne, before treatment in 2016 and after treatment in 2017." height="1587" width="2117" msid="92230301" hostid="261"></div><h2>Living with cystic acne can be painful, mentally and physically </h2>Painful, usually large, and deep within the skin, cystic acne is the most severe type of acne, <a href="https://my.clevelandclinic.org/health/diseases/21737-cystic-acne#:~:text=Cystic%20acne%20is%20a%20type,most%20severe%20type%20of%20acne.">according to the Cleveland Clinic</a>. It can be incredibly difficult to treat. It's also more likely to affect women past their teen years, according to <a href="https://www.sciencedaily.com/releases/2007/10/071019155627.htm">a 2007 study led by the University of Alabama</a>. That's due to hormonal conditions exclusive to people with female reproductive organs, such as <a href="https://www.insider.com/pcos-symptoms">polycystic ovarian syndrome</a>, which <a href="https://www.cdc.gov/diabetes/basics/pcos.html#:~:text=PCOS%20is%20one%20of%20the,US%20women%20of%20reproductive%20age.">the Centers for Disease Control says</a> affects somewhere between 6 and 12% of American women.Typically, cystic acne is treated with oral antibiotics and by applying prescribed topical gels to the skin. But these treatments don't work for everybody, and the last line of defense — the prescription drug Accutane — can have <a href="https://www.insider.com/accutane-myths-facts-risks-does-it-work-2018-6">a slew of unpleasant side effects</a>, from hair loss to nosebleeds to <a href="https://www.aad.org/public/diseases/acne-and-rosacea/isotretinoin-treatment-for-severe-acne#faqs">serious birth defects</a> that require women who take the drug to avoid pregnancy. And for women who are uninsured or otherwise can't afford treatment, prescription medications are off the table. Failing to treat acne can have serious mental-health consequences. <a href="https://onlinelibrary.wiley.com/doi/full/10.1111/bjd.16099">A 2018 study</a> in the British Journal of Dermatology, based on a quarter-century of medical records from a UK primary-care system, found that patients diagnosed with acne were 63% more likely than those without it to develop depression in the year after their diagnosis.Acne struggles have spawned a slew of frustrated social-media communities, from the 420,000-member <a href="https://www.reddit.com/r/acne/">r/acne subreddit</a> to TikTok's #acnecures, which has more than 8 million views. There, you'll find women advocating for soaking the skin in everything from liquid chlorophyll to home cleaning products — none of which are approved by dermatologists, and some of which can seriously damage skin. Women who've tried these techniques say they're well aware they're not recommended by doctors. But after years of tender skin, ineffective medications, and worsening mental <keyword id="11894571" type="UNKNOWN" weightage="100" keywordseo="health" source="Orion">health</keyword>, they're fed up with the establishment.<h2>Acne sufferers are becoming home-remedy influencers — and dermatologists say they're making others' skin worse</h2>Throughout her teens, Trena Reeves suffered from cystic acne. But she couldn't afford basic healthcare, let alone a dermatologist, and the acne followed her into adulthood. "It's like I'm not put together enough to take care of myself," Reeves, a 21-year-old caregiver, said. "I put so much effort and time into my appearance, read books on skin care, watch the tutorials, do the diets, use the products."Reeves' embarrassment about her acne caused anxiety, which led to skin picking, which led to more acne. She said she felt hopeless and desperate. Then she saw a TikTok video in which a woman with severe cystic acne put hydrocolloid bandages on her face. The bandages are typically used to treat open wounds, which makes them useful for absorbing the fluid and pus from pimples. Some brands have adapted them into <a href="https://www.insider.com/guides/beauty/best-pimple-patches">smaller "spot stickers"</a> that can be placed over a single zit, keeping acne sufferers from touching their pimples with germ-covered hands. In <a href="https://www.tiktok.com/@teenyinpink/video/6960370455014296837?_d=secCgYIASAHKAESPgo8IlHymRnDNaLlHhmD6C90YgTlz3sLu7O4RLdXvJFI5VyVPHgszuW056ymCog%2FtTZuzMzshYRhzX%2F3ZhUvGgA%3D&amp;_r=1&amp;checksum=fdc4a3f21e7c8ebd1421a044e10fa349742c386c5f39f4b0f449fca958bfa81f&amp;language=en&amp;preview_pb=0&amp;sec_user_id=MS4wLjABAAAADhIC7yW99-3EghZ48GYsx1yBU3nANiooXJl8q83Lz79eopuc7QCTGCptLiqVLa1p&amp;share_app_id=1233&amp;share_item_id=6960370455014296837&amp;share_link_id=FD8EA2B3-2BB3-4FB0-A6AC-646D19410C6A&amp;social_sharing=v4&amp;source=h5_m&amp;timestamp=1646232254&amp;tt_from=copy&amp;u_code=cmm790824lc63c&amp;user_id=6551826118935057408&amp;utm_campaign=client_share&amp;utm_medium=ios&amp;utm_source=copy">a TikTok video</a>, Reeves showed herself trying out the bandages. "I can't afford a dermatologist, and I can't get my acne to go away," she wrote. "Guess I gotta take care of things myself."The video went viral, drawing hundreds of comments from fellow acne sufferers. Reeves has now become something of an influencer in the hydrocolloid-bandage space, reviewing products she receives from different brands for her followers.<div type="image" title="Trena Reeves, a woman with cystic acne, before treatment in 2021 and after treatment in 2022." height="1600" width="2133" msid="92230304" hostid="261"></div>Reeves said she's cautious to avoid trapped bacteria when using the stickers, making sure her hands, tools, and surfaces are clean. "They help me by preventing me from picking at my own face," she said. But even with good hygiene practices, spot stickers can cause scarring and damage, Veraitch said. "Acne is caused by occlusion, which causes inflammation of the pilosebaceous unit in the skin. By putting an adhesive over spots, it is further occluding them, leading to an increase in acne bacteria, cysts, and bad scarring. I can tell by looking when a patient has been using these spot pads — the scarring gets particularly bad."Dermatologists' disdain hasn't deterred the bandage trend from spreading. The #hydrocolloid hashtag has more than 200 million TikTok views. "Riverdale" actress Lili Reinhart, who's been <a href="https://www.insider.com/riverdale-star-lili-reinhart-cystic-acne-photo-instagram-2018-4">open about her struggles with cystic acne</a>, has shared photos of herself <a href="https://www.allure.com/story/lili-reinhart-cystic-acne-squish-beauty-flower-power-acne-patches">wearing the bandages</a> with her 29 million Instagram followers. "There are many 'skin influencers' who are not qualified to be giving the advice that they give," Veraitch said. "This is now one of the biggest challenges for dermatologists."<h2>Desperate acne sufferers have tried lemon juice, toothpaste, and VapoRub</h2>Ella Rechner, 22, struggled with her skin — and the indifference of her dermatologists — for years. She's tried spironolactone, clindamycin, birth control pills, and all of the popular over-the-counter skin-care lines for acne, including Proactiv, Curology, and Rodan &amp; Fields. Rechner, a content-marketing specialist in Michigan, said dermatologists shrugged off her concerns. "'It's not that bad, and it could be much worse,'" she said one told her. When her acne was at its worst, Rechner spent up to two hours a day Googling potential cures. She said COVID-19 mask requirements came as a relief, because she could hide as much of her face as possible.Desperate for a solution, Rechner started using treatments she found online, including Vicks VapoRub and toothpaste at bedtime as a spot treatment, and lemon juice and sugar as an exfoliant. They burned and irritated her skin and didn't improve her acne. <div type="image" title="A close-up photo of acne on a person's cheek." height="2680" width="3573" msid="92230306" hostid="261"></div>"Using a cleanser that's meant for teeth can disrupt the pH balance of your skin and irritate it greatly," <a href="https://www.schweigerderm.com/providers/rachel-nazarian-m-d/">Dr. Rachel Nazarian</a>, a dermatologist at Schweiger Dermatology Group in New York City, <a href="https://www.byrdie.com/toothpaste-for-acne-4800369">told Byrdie</a>. And VapoRub has a base of petroleum jelly, which can clog pores. <h2>Cystic acne is especially hard on women of color, who struggle to access culturally specific treatment</h2>Nani Acevedo struggled with cystic acne during her teens. But being raised by a struggling single mom in a small Mexican town with no dermatologists, her only option was the Asepxia acne soap bars recommended by her local pharmacist. "I never went out seeking medical help," she said. "I just didn't think at the time that my mother wanted to spend the little money we had on acne medication."After trying several home remedies, Acevedo settled on her holy grail: Zote soap and brown sugar as an exfoliant. Veraitch said the latter isn't something she'd recommend: "We don't recommend using any physical exfoliants on acne, because it can cause trauma to the skin and create scarring and pigmentation." (As an alternative, she suggested a chemical exfoliant like salicylic acid.)<div type="image" title="A Black woman with acne on her chin." height="1414" width="1885" msid="92230307" hostid="261"></div>According to <a href="https://onlinelibrary.wiley.com/doi/abs/10.1111/j.1468-3083.2010.03919.x">a 2010 study</a> led by the European Academy of Dermatology and Venereology, Black and Latina women are more likely to have clinical acne than white and Asian women, and significantly more likely to have hyperpigmentation and scarring. Dermatologists often don't account for these cultural differences in treatment, some women of color say. Singh, who is West Indian, said her dermatologist failed to understand her unique skin tone."We get so many inquiries from places halfway across the world from people saying that they don't have any professionals close to them that they trust and have found their way around Black skin, or darker skin tones," <a href="https://www.instagram.com/dija_ayodele/">Dija Ayodele</a>, a London-based aesthetician and skin-care expert, <a href="https://www.popsugar.com/beauty/dija-ayodele-black-skin-book-interview-48647613">told PopSugar</a> last year. In 2018, Ayodele founded the <a href="https://www.blackskindirectory.com/welcome-to-bsd">Black Skin Directory</a>, which <a href="https://www.blackskindirectory.com/our-vision">aims to connect Black people</a> with medical professionals who understand their unique skin. She recently spun off the site into a book, "Black Skin," which explores treatment options for a number of skin conditions, including cystic acne. <h2>Experts hope women will see past the trends — but they understand why they might not</h2>Seemingly every week, a new acne trend hits TikTok. These days, the app is full of videos praising the wonders of <a href="https://www.tiktok.com/@purekureskincare/video/7050078778566921519?_d=secCgwIARCbDRjEFSACKAESPgo8Vt5X00iC2o8JVopcClkY2nyF85pdaCrUK58LMcRD5aLa7xe1l79vAvTKYl8nLfCUVG153GZEdnR9f%2BzDGgA%3D&amp;_r=1&amp;checksum=219a6dcf7c6a4c2e8c68d3f1cdb550522ba93398fc7f7c1ded917a9b10a65c41&amp;clips_cover_ab=v4&amp;enable_clips=1&amp;language=en&amp;preview_pb=0&amp;sec_user_id=MS4wLjABAAAA-rt_qn5mXfrkyQZ6ssRRoR_MBejSHsBjWF-IB2Tx3CeeNkqtxbyRn8Qte0ON9Et-&amp;share_app_id=1233&amp;share_item_id=7050078778566921519&amp;share_link_id=8657063F-9980-4CCD-A4F5-41A0C30BA7F7&amp;source=h5_m&amp;timestamp=1643041783&amp;tt_from=sms&amp;u_code=dg00bgg48lcjcd&amp;user_id=6903127816868316161&amp;utm_campaign=client_share&amp;utm_medium=ios&amp;utm_source=sms">spearmint tea</a>, hemorrhoid wipes, and <a href="https://www.tiktok.com/@elynnlatelyyy/video/7052133771436363054?_d=secCgwIARCbDRjEFSACKAESPgo89sntZcx3dRVCASf5xUaAOPUEJqWoWtfDBZvNGw4PEyfcSSUTD3TeuyuLmBHE2Hgs8Rhty41Y46%2FzHig4GgA%3D&amp;_r=1&amp;checksum=2fd698380df2f72b5337b7aa859f29c9220e04f297828facfa2a9f437a0fc951&amp;clips_cover_ab=v4&amp;enable_clips=1&amp;language=en&amp;preview_pb=0&amp;sec_user_id=MS4wLjABAAAA-rt_qn5mXfrkyQZ6ssRRoR_MBejSHsBjWF-IB2Tx3CeeNkqtxbyRn8Qte0ON9Et-&amp;share_app_id=1233&amp;share_item_id=7052133771436363054&amp;share_link_id=364387CE-2334-4F0C-B6F3-1F9F5F916A02&amp;source=h5_m&amp;timestamp=1643041680&amp;tt_from=sms&amp;u_code=dg00bgg48lcjcd&amp;user_id=6903127816868316161&amp;utm_campaign=client_share&amp;utm_medium=ios&amp;utm_source=sms">snail mucin</a>.Veraitch said she understands the appeal of a home remedy, especially for those who can't access a dermatologist for affordability reasons. And she's sensitive to the fact that not all doctors recognize acne's mental-health impacts. "For a lot of people, I think that they feel misunderstood, because of the extent of the impact that this condition can actually have on their lives, both physically and mentally," she said. If you're feeling dismissed by your dermatologist, Veraitch said, don't be afraid to push back. Make it clear that your acne has mental-health consequences. A good dermatologist "will want to know," she said, "and this information might affect the treatment plan they suggest."If that fails, seek a second opinion from a dermatologist with proven qualifications. In the UK, Veraitch recommends the General Medical Council's <a href="https://www.gmc-uk.org/registration-and-licensing/the-medical-register">specialist register</a>; in the US, the American Academy of Dermatology's <a href="https://www.aad.org/public/fad">website</a> lists board-certified doctors. The AAD also <a href="https://www.aad.org/public/public-health/skin-cancer-screenings/medical-care-without-health-insurance">offers a page</a> with suggestions on how to get treated if you don't have insurance.

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