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Blue Apron (APRN) is one of the worst-performing IPOs of the 2010s, with a performance so poor it well exceeds even the losses experienced by GoPro (GPRO) and FitBit (FIT). This is because the company operates in a market where very little is proprietary, and customer loyalty is dictated almost exclusively by current price promotions. Unfortunately, a new CEO and a deal with Beyond Meat (BYND) just isn't enough to make a meal kit service investible. Even after 96% declines since the