• Latest
Blue Apron shares tumble after Amazon files for meal-kit trademark

Blue Apron shares tumble after Amazon files for meal-kit trademark

July 17, 2017
Angolan citizens in South Africa, granted Exemption Permit status

R44 billion allocated for COVID-19 SRD grant: Lindiwe Zulu

May 17, 2022
Eskom is ‘kaput’. It’s game over – energy experts

Residents advised to brace for full week of loads shedding

May 16, 2022
North Korea conducts fifth and largest nuclear test

Kim Jong Un slams North Korea pandemic response, deploys army

May 16, 2022
DFFE calls to nominate members of air quality panel

DFFE calls to nominate members of air quality panel

May 16, 2022
Knorr Cup-a-Soup Lite beef, vegetable products recalled

Knorr Cup-a-Soup Lite beef, vegetable products recalled

May 16, 2022
Gospel singer Deborah Fraser passes away

Gospel singer Deborah Fraser passes away

May 16, 2022
Basic Education to work with the Hawks in investigating Physics Paper 2 leak

Second Chance Matric Programme exams starts May/June

May 9, 2022
Scuffle broke out in Limpopo High Court, two prisoners shot dead in alleged escape attempt

Police investigating multiple murders in Khayelitsha

May 9, 2022
Minister Mbalula calls for the ban of scrap metal exports

Minister Mbalula calls for the ban of scrap metal exports

May 9, 2022
Gauteng online admission for Grade 1 and 8 opens on July 22

Gauteng online admission for Grade 1 and 8 opens on July 22

May 9, 2022
Phillip Dukashe resigns from Eskom Generation

Phillip Dukashe resigns from Eskom Generation

May 9, 2022
Document certification, no longer a requirement – DPSA

Document certification, no longer a requirement – DPSA

May 6, 2022
  • About Us
  • Advertising
  • Contact
Wednesday, May 18, 2022
Townpress Newspaper
No Result
View All Result
  • Login
  • News
    Angolan citizens in South Africa, granted Exemption Permit status

    R44 billion allocated for COVID-19 SRD grant: Lindiwe Zulu

    Eskom is ‘kaput’. It’s game over – energy experts

    Residents advised to brace for full week of loads shedding

    Knorr Cup-a-Soup Lite beef, vegetable products recalled

    Knorr Cup-a-Soup Lite beef, vegetable products recalled

    Gospel singer Deborah Fraser passes away

    Gospel singer Deborah Fraser passes away

    Basic Education to work with the Hawks in investigating Physics Paper 2 leak

    Second Chance Matric Programme exams starts May/June

    Scuffle broke out in Limpopo High Court, two prisoners shot dead in alleged escape attempt

    Police investigating multiple murders in Khayelitsha

    Trending Tags

    • community
    • #freejacobzuma
    • africa
  • Africa
  • World
  • Opinions
  • Economies
  • Entertainment
  • Sport
  • People
  • Motoring
  • Videos
  • News
    Angolan citizens in South Africa, granted Exemption Permit status

    R44 billion allocated for COVID-19 SRD grant: Lindiwe Zulu

    Eskom is ‘kaput’. It’s game over – energy experts

    Residents advised to brace for full week of loads shedding

    Knorr Cup-a-Soup Lite beef, vegetable products recalled

    Knorr Cup-a-Soup Lite beef, vegetable products recalled

    Gospel singer Deborah Fraser passes away

    Gospel singer Deborah Fraser passes away

    Basic Education to work with the Hawks in investigating Physics Paper 2 leak

    Second Chance Matric Programme exams starts May/June

    Scuffle broke out in Limpopo High Court, two prisoners shot dead in alleged escape attempt

    Police investigating multiple murders in Khayelitsha

    Trending Tags

    • community
    • #freejacobzuma
    • africa
  • Africa
  • World
  • Opinions
  • Economies
  • Entertainment
  • Sport
  • People
  • Motoring
  • Videos
No Result
View All Result
Townpress. Newspaper
No Result
View All Result
Home General news General

Blue Apron shares tumble after Amazon files for meal-kit trademark

Town Press by Town Press
July 17, 2017
in General
Reading Time: 2 mins read
0
Blue Apron shares tumble after Amazon files for meal-kit trademark

The logo of Blue Apron is shown on a large sign in front of the New York Stock Exchange before the company's IPO in New York, U.S., June 29, 2017. REUTERS/Lucas Jackson

Share on FacebookShare on Twitter

NEW YORK – Shares of meal-kit service Blue Apron Holdings Inc slumped to new lows on Monday in the wake of Amazon.com Inc’s move to register a trademark for a possible rival service.

Blue Apron shares tumbled more than 11 percent to $6.51, a drop of nearly 35 percent since its June 29 initial public offering price of $10. The decline came as investors were concerned about its future and the impact of Amazon’s planned $13.7 billion acquisition of supermarket chain Whole Foods Market Inc amid a fast-expanding meal-kit industry.

READ ALSO

SANDF refutes claims it employs child soldiers

Republican Glenn Youngkin is Virginia’s new governor

In a filing with the U.S. Patent and Trademark Office on July 6, Amazon registered a trademark application for “prepared food kits composed of meat, poultry, fish, seafood, fruit and/or vegetables” that is ready for cooking and assembly as a meal.

Amazon’s planned service is identical to the one offered by Blue Apron, one of the largest meal-kit delivery services in the United States.

Activity in Blue Apron’s options also leaned toward defensive bets, with put options that make money if the shares drop below $5 by the third week of January drawing the most activity on Monday.

Amazon and Blue Apron were not immediately available for comment.

The deal between Amazon and Whole Foods announced in June marks the biggest acquisition for the world’s largest online retailer. Amazon has not said exactly what it would do with Whole Foods’ stores and other assets, but analysts and investors say the deal could upend the landscape for grocers, food delivery services and meal-kit companies.

Last week, the top Democrat in the U.S. House of Representatives’ antitrust subcommittee, David Cicilline, voiced concerns about Amazon’s plan to buy Whole Foods, pushing for a hearing to look into the deal’s impact on consumers.

Amazon shares rose nearly 1 percent to $1010.93 on Monday, up 4.4 percent for the month, while Blue Apron shares were off about 30 percent for July. The e-commerce giant hit an all-time of $1,017 last month.

Facebook Comments

Tags: AmazonBlue Apron
Previous Post

DA to lay criminal charges against SAP and CAD House

Next Post

SASSA CEO, Thokozani Magwaza resigns

Related News

SANDF refutes claims it employs child soldiers
General

SANDF refutes claims it employs child soldiers

February 7, 2022
Republican Glenn Youngkin is Virginia’s new governor
General

Republican Glenn Youngkin is Virginia’s new governor

November 3, 2021
Vaal residents to use water sparingly as Dam levels decline
General

Vaal residents to use water sparingly as Dam levels decline

September 21, 2021
Next Post
SASSA CEO, Thokozani Magwaza resigns

SASSA CEO, Thokozani Magwaza resigns

Please login to join discussion
Currently Playing

Stolen tyres paraded as bargain deal online

Stolen tyres paraded as bargain deal online

Stolen tyres paraded as bargain deal online

Business
Watch Naledi Manyoni throw baby to safety #freejacobzuma

Watch Naledi Manyoni throw baby to safety #freejacobzuma

Community
IEC raises complaint with Bidvest-Lithotech over Indelible Ink

IEC raises complaint with Bidvest-Lithotech over Indelible Ink

Community
Mthethwa ‘absolutely horrified’ after Babes Wodumo assault video

Mthethwa ‘absolutely horrified’ after Babes Wodumo assault video

Community
Alph Lukau “raising the dead” is a fraud

Alph Lukau “raising the dead” is a fraud

Community
Moozlie says “its just a campaign” and no crash

Moozlie says “its just a campaign” and no crash

Community
Moozlie Mabena involved in a “live video” crash #Moozlie

Moozlie Mabena involved in a “live video” crash #Moozlie

Community

Police hunt suspects who shot dead Welkom man in parking lot

Community
First Human Clinical Trial of HIV Drug Gammora Offers Potential Cure

First Human Clinical Trial of HIV Drug Gammora Offers Potential Cure

General
Madonsela praises Zuma for new approach on Nkandla

Madonsela speaks on land expropriation without compensation

Community
De Lille vows to fight accusers all the way

De Lille likens DA battle to boxing match

Community
Kaizer fans rampage at Moses Mabhida is Shameful

Kaizer fans rampage at Moses Mabhida is Shameful

Community

POPULAR NEWS

Live mortars found in Eastern Cape dam

Live mortars found in Eastern Cape dam

October 14, 2019
Africa agrees to giant trade bloc, but Nigeria, South Africa sit it out

Africa agrees to giant trade bloc, but Nigeria, South Africa sit it out

March 21, 2018
Upskilling public servants to improve service delivery

Upskilling public servants to improve service delivery

October 17, 2017
Just In: Faith Nketsi allegedly prostituting ladies for cash

Just In: Faith Nketsi allegedly prostituting ladies for cash

May 19, 2018
Media 24 an Epitome of Poor Journalism – SAMWU

Media 24 an Epitome of Poor Journalism – SAMWU

May 16, 2018

EDITOR'S PICK

Springbok legend joins Craven Week panel

Springbok legend joins Craven Week panel

July 13, 2017
President concerned by scourge of violent protests

President concerned by scourge of violent protests

May 18, 2016
NUM union rejects improved wage offer from Eskom

NUM union rejects improved wage offer from Eskom

June 22, 2016
Tanzania’s economic growth slowed by policy uncertainty, credit squeeze: World Bank

Tanzania’s economic growth slowed by policy uncertainty, credit squeeze: World Bank

April 12, 2017
Townpress Newspaper

At Town Press, we believe everyone who has a story to share, deserve to be heard. Town Press is a current affairs publication that encourages citizens' journalism, as a way to create access for communities to the media.

Follow us

.

  • Africa
  • AU
  • Business
  • Community
  • Coronavirus
  • Crime stats
  • Culture
  • Economies
  • Editor Picks
  • Education
  • Entertaiment
  • Events
  • Featured
  • Finance
  • General
  • General news
  • International
  • Lifestyle and Beauty
  • Markets
  • Media
  • Motoring
  • notices
  • Opinions
  • People
  • Pictures
  • Premium
  • Public Statement
  • Right now
  • Social Media
  • Sport
  • Technology
  • Tourism
  • UN
  • Weather
  • World

.

  • R44 billion allocated for COVID-19 SRD grant: Lindiwe Zulu
  • Residents advised to brace for full week of loads shedding
  • Kim Jong Un slams North Korea pandemic response, deploys army
  • DFFE calls to nominate members of air quality panel
  • Terms and conditions
  • Comments Policy
  • Cookie Policy (ZA)
  • Notices

© 2021 Townpress Newspaper, South Africa - Townpress logo & associated media rights are the intellectual property of Randworth,SA.

No Result
View All Result
  • News
  • Africa
  • World
  • Opinions
  • Economies
  • Entertainment
  • Sport
  • People
  • Motoring
  • Videos

© 2021 Townpress Newspaper, South Africa - Townpress logo & associated media rights are the intellectual property of Randworth,SA.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Go to mobile version