• Blue Apron Sinks To All-Time Low As Competition Heats Up

    6 days ago - By Inquisitr

    Blue Apron stock sunk to an all-time low on Monday, plummeting to prices of $6.45 a share. The sudden decline comes amidst Amazon's entry into the meal-kit delivery marketplace, with the e-commerce giant having only recently filed its first trademark in the industry.
    Following a highly anticipated IPO, which priced initial shares at $10 each, Blue Apron stock has progressively declined, particularly in the wake of Amazon's acquisition of Whole Foods, which stirred fears that it would soon be outcompeted.
    The meal-kit delivery service, which delivers prepared ingredients ready to be...
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