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APRN - Blue Apron: Unlikely To Attract A Buyout Offer
Blue Apron Holdings Inc. Class A
Blue Apron (APRN) has finally come close to kicking the bucket. After reporting disastrous fourth-quarter results that offer no hint of respite in 2020, shares of the original meal-kit company peeled back ~20%, despite initially rising after it announced it would be seeking "strategic alternatives" to save the company. Year to date, Blue Apron shares have lost more than half of their value, and its overall market cap now stands at just $47.4 million - less than the price of some luxury homes.