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In January 2024, the government declared that disposable vapes will be banned as part of their plans to tackle the rise in youth vaping and protect childrens health

Using a battery-powered heating element, they convert liquid nicotine (sometimes flavored with food additives) into a vapor that users then inhale or vape. This unique system delivers nicotine without the cancer-causing and other harmful elements associated with burning tobacco

The cause of the problem: Users:inside China had used powerful devices such as microwaves or kettles which overloaded the sockets

This IPO price represented a significant loss for many later investors of Instacart, with its peak valuation private markets being almost 3x its market cap at IPO