Mobile apps like Caviar and UberEats have changed the game The proliferation of delivery services like Amazon Prime, FreshDirect, and Blue Apron has made leaving the cozy confines of one’s apartment increasingly unnecessary. Why drive...Show More Summary
Amazon’s $13.7 billion Whole Foods buyout could not have come at a worse time for Blue Apron. By the time Echo Dot speakers were on sale at the Amazon's newly acquired chain, shares of Blue Apron were already down 46% from its June IPO. But...Show More Summary
It’s not all Blue Apron and Snap. Of the tech companies that have gone public this year, most are trading above their IPO price. But there haven’t been many of them, with just 15 tech companies debuting so far this year, making it the second slowest start since 2009, according to Dealogic. Although it isn’t quite as bad as the 11 seen by this time last year, it’s a… Read More
ANALYSIS: Anyone who’s watched promising enough brand-name startups go public and promptly flounder in public waters this year — Hello, Snap. Hello, Blue Apron — would have reason to think that Roku, the next IPO candidate with a familiar name in the world of consumer tech, will suffer a similar fate. Of course, Roku, whose connected devices provide access […]
Think Blue Apron for cannabis lovers.
Last week, Amazon said that its massive $13.7 billion deal to acquire Whole Foods is wrapping up on Monday — giving it access to one of the strongest food brands in the United States, as well as hundreds of grocery stores in metropolitan areas. Show More Summary
ANALYSIS: A year that began with high hopes for a tech IPO revival has crashed into a wall of reality following sputtering public offerings from Snap and Blue Apron. The catastrophe that is Blue Apron was driven home in recent days thanks to multiple shareholder lawsuits claiming management misled investors. Less than two months after its […]
Chinese takeout, Taco Tuesday, frozen pizza, Thai delivery, drive-thru dash, rinse, repeat. By the time the week is over, you've spent half your paycheck on less-than-impressive meals and ingested enough sodium to take the Dead Sea off the map. Show More Summary
Blue Apron’s coming-out party was supposed to be this summer, but instead, it’s getting scalded at every turn. The post Blue Apron’s Problems Pile Up, but Social’s Still Hungry appeared first on The Good Men Project.
Kathleen Smith of Renaissance Capital discusses the "broken" IPO market with Bob Pisani.
The key to explaining the science behind climate change might start with blowing bubbles into cups. Or measuring carbon dioxide in a greenhouse, or using Alka-Seltzer tablets to blow up balloons, for that matter. As the increasingly dire warnings about climate change clash with the distortion of science for political ends, one Iowa group has […]
Blue Apron is being sued by at least as many law firms as pounds of ice packs it sends in a box. At least a dozen firms have filed class-action suits against the meal-kit company for failing to disclose pertinent information at its initial public offering in June. The suits allege that the company—which delivers ingredients and cooking […]
A Carl's Jr. franchisee is in hot water after being caught on camera serving chicken that fell on the floor, using dirty utensils, and mixing ingredients with his hands. Here's the footage of the "unacceptable" behavior: Blue Apron lays...Show More Summary
Stocks are supposed to go up, not down.
The struggling company fired its recruiting team and announced a hiring freeze.
Blue Apron has instituted a hiring freeze for its salaried employees and laid off 14 members of its recruiting team.
Investors say they were misled, and now they’re losing money More bad news for Blue Apron: Following an IPO that fell far short of expectations, the pioneering meal kit company has now been slapped with at least four different lawsuits...Show More Summary
Its historically bad IPO has brought out the lawyers.
Blue Apron’s post-IPO woes continue. The meal-kit delivery company has been hit with multiple shareholder lawsuits this month, all alleging it made misleading statements in its IPO prospectus. The various complaints echo each other in their allegations against Blue Apron, its CEO, CFO, and directors, as well at underwriters of the IPO. Namely, that the […]
Blue Apron shareholder Ahmed Chaudhry has filed a complaint against the meal-delivery company for “misleading” and “untrue statements” in its filing with the Securities and Exchange Commission leading up to its public offering. The suit...Show More Summary