Blue Apron

Where does Blue Apron go after Amazon wraps up its Whole Foods deal?

 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. That means it’s going to be easier and easier for people to get access to great ingredients, and there’s been a continued trickle… Read More

Blue Apron implements a partial hiring freeze and lays off 14 recruiters

 Blue Apron is chugging along on its post-IPO bumpy road. For starters, The meal-kit company’s VP of human resources and talent, Kate Muzzatti, has left the company, Bloomberg first reported. In light of Muzzatti’s departure, Blue Apron is looking for a chief human resources officer, which is an entirely new role at the company, TechCrunch has learned. Blue Apron has also put… Read More

Blue Apron hit with class action lawsuit from shareholders

 Blue Apron just can’t catch a break. The cooking kit company has seen its share price nearly cut in half since its late June IPO and now it could be in legal trouble, too. Now law firms are coming after the company with proposed class-action lawsuits, alleging that Blue Apron failed to adequately disclose material information. There are allegations that Blue Apron misrepresented its… Read More

Blue Apron is having a really bad day

 Things are not going so well for Blue Apron this morning after reporting its second-quarter earnings (its first earnings report ever), and the stock is crashing as a result of it. The company’s stock is down more than 14% on the earnings report, which came in pretty mixed compared to what Wall Street wanted. Blue Apron is looking to pull back on its marketing spend as it tries to get… Read More

Blue Apron is laying off a quarter of its staff

 These Blue Apron layoffs come about a month after the company’s lackluster initial public offering, its co-founder and COO Matthew Wadiak stepping down and a lawsuit from a former employee. The layoffs are aimed at Blue Apron’s facility in New Jersey, where it will cut 1,270 jobs. Read More

Blue Apron COO Matthew Wadiak steps down in post-IPO shakeup

 Blue Apron announced several changes at the executive level today, including co-founder Matthew Wadiak stepping down from the COO role to become a senior advisor. Wadiak’s changing role comes after a painful IPO for the meal kit delivery service, which first had to reduce its original IPO price and has since then seen a significant drop in its share price. Some good news finally hit… Read More

Blue Apron faces lawsuit from former employee who alleges violation of Family and Medical Leave Act

 On the heels of Blue Apron’s lackluster debut on the public market, a former employee is suing the company for allegedly violating the Family and Medical Leave Act, which requires that companies provide employees with job-protected, unpaid leave for certain medical and family reasons. Read More

Amazon is already selling some prepared ‘Amazon Meal Kits’

 Based just on trademark filings and reported plans, Amazon’s potential entry into the prepared meal kit market has had a significant impact on freshly-IPO’d Blue Apron’s stock price. Now, however, we know that Amazon is actually already testing its own “Amazon Meal Kits,” thanks to a customer in Seattle who has already ordered and prepared one. Seattle resident… Read More

Blue Apron is having another awful day and its shares are crashing

 Since going public last month, things have not gone particularly well for Blue Apron thanks to the specter of Amazon and its $13.7 billion acquisition bid for Whole Foods. The bad news, again, continues to roll in as what may have been a competitor in theory now seems more and more like an existential threat. Blue Apron’s shares are down another 10% today, continuing a streak of mistrust… Read More

How this year’s tech IPOs have fared so far

 Blue Apron has finally gone public, and we’re at about the halfway point of the year. We’ve seen a lot of IPOs for the first half of 2017, which followed a huge drought last year. All this started when Snap opened up the so-called “IPO window” when it made its debut with a bang, popping the normally-expected 20% or so on its first day of trading. But since then… Read More

Blue Apron tumbles again in its second day as its IPO settles for a down round

 Blue Apron is now down from its IPO price during trading today, falling around 4 percent to around $9.60 — a bit south of its original price. Read More

5 burning questions Blue Apron’s IPO is about to answer

 Blue Apron will be going public in short order, kicking off the second big major consumer IPO of 2017. It’s nowhere near as big as Snap, but the company at the top end of its IPO pricing will be valued at around $3.2 billion as it looks to raise nearly $600 million. The company’s IPO comes at an interesting time as we approach the midpoint for 2017, which has seen a big wave of… Read More

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