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After nearly becoming bankrupt at the beginning of the year, Blue Apron (APRN) managed to stay afloat thanks to the nation-wide lockdown, which resulted in a surge of demand for its meal-prep kits. While the company’s stock nearly doubled since January, we believe that Blue Apron is uninvestable at this point. The company has no competitive advantages, it provides a service that is not unique in comparison to others and its market share has been shrinking in the last few years. From 2017, Blue Apron lost more than half of its customer base