Facebook to release its own smart home speakers in July 2018
Auto Expo 2018: Tamo Racemo debuts in India
Fitness tracker Strava lights up military base
Apple Takes On The Smart Speaker World
Google's subscription-free audiobooks are now available in India
Blue Apron slashes IPO price
30 June 2017, 12:46 | Dawn Berry
Blue Apron slashes IPO Price 34% as Amazon-Whole Foods looms
But most average investors won't get a piece of the action until Blue Apron stock begins trading on the New York Stock Exchange, expected to happen Thursday, under ticker symbol "APRN".
Blue Apron said that it now expects its IPO to be between $10 and $11 per share, down from its forecast a week ago between $15 and $17.
The underwriters for the offering are Goldman Sachs, Morgan Stanley, Citigroup, Barclays, RBC Capital Markets, SunTrust Robinson Humphrey, Stifel, Canaccord Genuity, Needham, Oppenheimer, Raymond James and William Blair.
Amazon, which said earlier this month it would buyWhole Foods Market Inc in a $13.7 billion deal, has dallied with both food delivery, through AmazonFresh, and meal kits, which deliver fresh ingredients and recipes to subscribers.
Smith said the lowered valuation was likely a "smart move" and that the company may be able to reach its $2 billion or even $3 billion valuation later on, particularly as Renaissance estimates that the company has a 50% market share in the meal-kit space. About 1 million customers use the product, according to the prospectus.
Talking Paul George with Mico Halili and CNN Philippines
Both the Cavaliers and Nuggets, when reached by ESPN over the weekend, declined comment about the proposed three-way George trade. George's agent told the Pacers last week that the All-Star will opt out of his contract next summer and become a free agent.
CEOMatthew B. Salzberg was on CNBC just before the start of trading, telling host Carl Quintanilla and correspondent David Faber that Blue Apron is not scared of Amazon.Said Salzberg, anything Amazon can do to bring e-commerce habits to retail grocery is good for his company. At the midpoint, Blue Apron Holdings will raise -34% less in proceeds than previously anticipated. Instead, the funds will all go toward working capital, capital expenditures and general corporate purposes.
In a tweet Thursday morning, Salzberg wrote he was "beyond proud to celebrate this exciting moment for our company with our incredible Blue Apron team".
Still, Blue Apron had over a million paying customers ordering almost $800 million in revenues in 2016.
At the end of the first quarter, Blue Apron had 1 million customers who made 4.1 orders each - compared with 649,000 customers making 4.5 orders apiece a year earlier.
The company has warned that it may never turn a profit. The company reported revenue of $795.4 million in 2016, up from $340 million in 2015 and $77.8 million in 2014.
Possible manslaughter charges for London fire
Residents are to be evacuated from five council tower blocks over fire safety fears in the wake of the Grenfell Tower blaze. Problems have so far been identified in 14 buildings in London , Manchester and elsewhere in England, it added.
Chile bets on Sanchez in last 4
Vidal's Chile and Ronaldo's Portugal will meet in the semi-finals of this summer's tournament after progressing from the group stages.
Trump tells senators House health bill 'mean'
That's because it was a hot, steaming pile of garbage that would make 20 million or more people lose their insurance. Senator David Perdue, R-Georgia, said the disagreement on which taxes to keep is a dividing the conference.
Three Salford high-rise blocks fail cladding fire tests
Outer cladding on the high-rise failed a fire safety test and will be removed "as soon as possible", Hounslow Council said. The move was announced as London's Camden Council evacuated residents in four tower blocks amid fire safety fears there.
Facebook founder Mark Zuckerberg visits Nebraska and Iowa
According to tech observers, a favorite talking point of Zuckerberg's - to his credit - is how Facebook members use the platform. Until recently, the Nebraska constitution banned gay marriage. "Increasing user engagement is a necessity for Facebook ".
ACLU attempts to block deportation of Iraqi Christians
Immigration agents swept metro Detroit earlier this month with some detained having committed crimes when they were younger. Judge Mark Goldsmith said in an order on Thursday that those arrested would not be deported for at least two weeks.
You can download the beta version of iOS 11 for iPhones now
While you're waiting for it to download and install , you can check out our iOS 11 FAQ with all the information we know so far. New features included in TVOS 11 include a new dark mode and home screen sync for more than one Apple TV (woo!).