Blue Apron Delivers a Big Box of Pink Slips
In this segment from the MarketFoolery podcast, host Mac Greer, Total Income's Ron Gross, and Million Dollar Portfolio's Matt Argersinger consider the roller-coaster ride that has been Blue Apron (NYSE: APRN) -- which since the much-anticipated IPO has been mostly downhill.
There's just too much competition in this subscription niche, and Blue Apron is failing to acquire and hold subscribers at a sustainable cost. Can it find its footing after these job cuts? And is there anywhere it can go from here to make it an attractive investment?
A full transcript follows the video.
Source: Fool.com
