![]() ![]() That could still be the case, but Netflix posted huge numbers today. ![]() As recently as December, analysts were signaling that Netflix should be terrified of Amazon Prime. But it still faces stiff competition from its contemporaries. The online retail giant is a killer when it comes to aging industries like selling books. Amazon’s price ticked up 1 percent to $1. 5 percent hit to its stock price isn’t going to make anything easier. Blue Apron was already trying to break into a tough business and in its initial prospectus, it said that it had just enough cash and borrowing capacity for at least one year. After hours trading showed the stock hovering in the same range. The Street first reported that Amazon Technologies Inc.īy 1. It opened and closed its first day of trading with a flat price. In the wake of Amazon’s announcement, that valuation had to be dropped to $1. It initially forecast its IPO range as $1. IPOs take a long time to come together and there’s no way Blue Apron could have anticipated the move. The weekly meal- kit delivery service went public in June, just days after Amazon’s surprise acquisition announcement.
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