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Blue Apron Stock Falls Below A Dollar

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Business Insider reports that Blue Apron shares fell below $1 for the first time on Tuesday. The company's initial public offering priced at $10 in June 2017. Amazon bought Whole Foods just days before Blue Apron's IPO. Soon after that Amazon announced was entering the meal-kit space. Blue Apron has not been able to recover. The stock has been in dire straights ever since. Recently, Blue Apron announced it was having trouble keeping its customers.

Added on the 19/12/2018 11:17:41 - 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