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Snap & Blue Apron Shares Drop After Failing to Live up to Expectations

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Snap Inc and Blue Apron Holdings Inc's dismal quarterly reports on Thursday, which sent their shares slumping, join a growing list of technology startups failing to live up to sky-high expectations set ahead of their initial public offerings. There are growing concerns in Silicon Valley that the dominance of Alphabet Inc's Google, Facebook Inc, Apple Inc and Amazon.com Inc are beginning to squeeze the life out of the startup economy, and even large would-be challengers, including Snap and Twitter Inc, are struggling to maintain growth.

Added on the 11/08/2017 15:53:10 - 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