Crunch Report | Disney’s Epic Star Wars Hotel

Disney plans to open an epic Star Wars hotel, new emoji are being released to the world, Amazon could be the latest to get into the meal delivery kit business and the latest Atari game console. All this on Crunch Report! Read More

Powered by WPeMatico

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. Read More

Powered by WPeMatico

Trademarks show Amazon has sights on meal-kits, “single cow burgers” and other fast food options

 Amazon has made no secret of its ambitions to expand into more fresh food services, from its own, homegrown efforts like AmazonFresh for groceries (first launched in 2013) and Amazon Restaurants for restaurant delivery (first launched in 2014), through to its most recent plan to acquire Whole Foods for $13.7 billion. In fact, the company has its sights set on a number of other culinary areas,… Read More

Powered by WPeMatico

Blue Apron falls 9% on fourth day as a public company

 Blue Apron sends you the ingredients to help you cook delicious meals, but some investors are considering its shares unsavory. The meal kit delivery company, which went public on the New York Stock Exchange last week, has had a rough debut on the stock market. After significantly lowering its IPO price range, the company priced its IPO at $10 per share. The stock closed Wednesday… Read More

Powered by WPeMatico

Will Blue Apron’s rebound continue?

 Cooking kit delivery company Blue Apron traded up 3.5% on the stock market Monday, erasing some of the losses from its first two days as a public company. Shares closed at $9.67, which was still beneath last week’s $10 IPO price. This is in contrast to a lot of public debuts, where companies are typically in the green for the first day “pop.” It’s the subsequent days… Read More

Powered by WPeMatico

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

Powered by WPeMatico