Blue Apron

  • Blue Apron loses its CEO

    Blue Apron loses its CEO

    Blue Apron founder Matt Salzberg is stepping aside as the company’s CEO, the company announced Thursday. CFO Brad Dickerson has been promoted to take his place. It’s been a volatile past few months for the cooking kit company, which went public in June. Shares closed Thursday at just $2.99 (Blue Apron went public at $10 per share). Read More

  • Blue Apron shares trade down 9% after disappointing earnings

    Blue Apron shares trade down 9% after disappointing earnings

    Blue Apron just can’t catch a break. The New York-based cooking kit business released its third-quarter earnings before the bell on Thursday. The results were mixed. The company handily beat revenue expectations, but its losses were also worse than expected. Read More

  • Blue Apron competitor HelloFresh prices IPO, raising up to $369 million

    Blue Apron competitor HelloFresh prices IPO, raising up to $369 million

    HelloFresh, the Berlin-based cooking kit delivery company, priced its IPO at the middle of its expected range at €10.25, or roughly $11.91. This means that the company could raise up to €318 million in the offering, or $369 million. The timing of the IPO may come as a surprise to some, given that competitor Blue Apron recently had a lackluster public debut. Read More

  • Blue Apron is laying off hundreds of employees

    Blue Apron is laying off hundreds of employees

    As Blue Apron approaches its next earnings report in a couple of weeks, the company said Wednesday that it is laying off 6 percent of its staff as part of “a company-wide realignment of personnel to support its strategic priorities.” Blue Apron was one of the big — and most anticipated — consumer IPOs of the year, but it’s also now one of the companies that… Read More

  • 7 huge business storylines for this quarter’s earnings season

    7 huge business storylines for this quarter’s earnings season

    It’s that time of the year again: earnings season. It’s a finance nerd’s dream, but for the rest of the world, it’s important because some of the biggest technology companies in the world spill their guts to the public. We get to see who’s winning, who’s losing and what’s going wrong. So, on that note, here are a few big story lines we’re… Read More

  • Albertsons snaps up meal kit startup Plated for $200 million

    Albertsons snaps up meal kit startup Plated for $200 million

    In a first for national grocery chains, Albertsons is buying the healthy meal kit delivery startup Plated for an undisclosed amount, brokered by Credit Suisse Group AG. Read More

  • Is it exit season yet? Crunch Network

    Is it exit season yet?

    Startup funding and exiting activity has been slow over the past few months in the U.S. Fewer companies closed rounds, IPO volumes were light, and not a lot of big M&A deals got done. But that’s to be expected, right? After all, it was summer break. Now that Labor Day’s over and we’re back at our desks, we can expect deal volumes to pick up. That seasonal explanation for… Read More

  • Most of 2017’s tech IPOs are performing well

    Blue Apron and Snap had disappointing debuts this year, but others have fared much better. Of the tech companies that have gone public this year, most are trading above their IPO price. But there haven’t been many of them, with just 15 tech companies debuting so far this year, making it the second slowest start since 2009, according to Dealogic. Although it isn’t quite as bad as the… Read More

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