Blue Apron will raise $587M in its IPO, valuing itself close to $3B

 Blue Apron, the meal ingredient delivery service that filed to go public earlier this month, has just priced its IPO. The company will price its shares between $15-$17, hoping to raise a maximum of $586,500,000. Using a $16 midpoint, this pricing gives the company a proposed valuation of just under $3 billion. The company will be listed on the NYSE under the symbol “APRN”, and… Read More

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Crunch Report | Facebook Hires 3,000 People After Getting Disturbed

Facebook hires 3,000 people to combat the disturbing videos and live videos that have been popping up on the site, Hulu launches its live TV service, yesterday was not too good of a day for tech stocks and GM launches GM Maven to help on-demand drivers rent cars for $229 a week. All this on Crunch Report. Read More

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Surging tech stocks have pushed Nasdaq over 6000 for the first time ever

 The Nasdaq composite just passed 6000 for the first time, hitting an all-time intraday high in the process. Over the past 12 months the composite is up nearly 32%. The majority of this strong performance can be attributed to five technology stocks that have also been surging – Apple, Facebook, Amazon, Microsoft and Alphabet account for about 40% of the composite’s gains in 2017.… Read More

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Crunch Report | Tesla Now Valued More Than Ford

Redfoo, formerly from LMFAO, joins us on the show to talk tech, Product Hunt launches Ask Product Hunt, Tesla is now worth more than Ford and Apple is dumping Imagination Technologies because they no longer wish to use their IP. All this on Crunch Report. Read More

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