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Blue Apron Falls To Record Low

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Business Insider reports Blue Apron hit a record low of $1.50 a share on Tuesday. The meal-kit maker announced it was launching a pilot program for on-demand delivery. The pilot program would only be in New York City, for now. The On-Demand delivery will be on the Grubhub and Seamless online and mobile platforms. Blue Apron shares are down 85% since their June 2017 initial public offering.

Added on the 03/10/2018 07:28:30 - Copyright : Wochit

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Watch video of Shares Of Blue Apron Dipped To An All-time Low. The Meal-kit Subscription Dropped To $1.81 Per Share On Tuesday. The Company Has Faced Increasing Pressures From Competition, Like HelloFresh. Big Companies Like Walmart And Amazon Entering Its Space. In March, Walmart Announced It Was Launching Its Own Line Of Meal Kits. The Company Has Struggled To Attract New Customers And Retain Old Ones Since Going Public Last June. - Blue Apron Shares Drop To A New Low - Label : Wochit -
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Blue Apron Shares Drop To A New Low

03/04/2018 21:21:24