The Traderszone Network

Published in TZ Latest News 2 July, 2017 by The TZ Newswire Staff

Blue Apron Is a Bad Business and a Terrible Stock

It wasn’t a good sign when meal-kit delivery service Blue Apron (NYSE: APRN) was forced to slash its IPO price before going public. The original share-price range of $15 to $17 was reduced to $10 to $11, and the company ultimately went ahead with a $10 offering price. Even with that lower price, Blue Apron is valued at nearly $2 billion.

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