Amazon's next big thing might rival Blue Apron

Amazon's next big thing might rival Blue Apron

Amazon Technologies Inc., an Amazon subsidiary, filed a July 6 trademark application for "prepared food kits composed of meat, poultry, fish, seafood, fruit and/or vegetables. ready for cooking and assembly as a meal".

Last week, shares of Zillow went down after reports of Amazon launching its own real estate referral service surfaced.

David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now. and Blue Apron wasn't one of them!

BJP not in favour of snap polls in Bihar
The JD (U) has also convened a meeting of its legislators at the residence of Chief Minister, Nitish Kumar . Tejaswhi was also slated to attend, and even his name was mentioned in the invitation card for the event.

After starting off the process with a lot of good will, Blue Apron had to revise down its IPO price - and even then that seems to have been optimistic.

"The target customer who uses a meal kit delivery service is a busy, affluent consumer". And Martha Stewart partnered with Marley Spoon, a subscription meal delivery service, to convert Stewart's 18,000 recipes into meal kits called Martha & Marley Spoon.

The Street earlier reported Amazon's trademark application.

Defying Trump, Jerry Brown to showcase American climate change efforts
The coalition aims to significantly reduce emissions "at a time of limited federal leadership", according to a press release. The American coalition now includes 227 cities and counties, nine states and about 1,650 businesses and investors.

Amazon has registered for a service described as, "We do the prep". In just the span of a few years, Blue Apron has exposed a business that generated almost $800 million in revenue in 2016 and was able to eke out a small profit in the first quarter that year. A request for comment to Amazon wasn't immediately returned. Blue Apron's stock reacted very poorly to the news of Amazon's new venture, sliding as much as 12% according to Bloomberg. And its recent acquisition of Whole Foods Market, which also offers some meal kits, adds to the logic.

Blue Apron shares tumbled more than 11 percent to $6.51, a drop of almost 35 percent since its June 29 initial public offering price of $10. Just last week, the stock closed at a new low after an analyst slapped Blue Apron with a $2 price target, citing difficulty with the business ever becoming profitable. Shares declined to $6.51 which is a 35 percent drop since its initial public offering. It lost another 10 percent in trading Monday after Amazon's trademark application was announced.

Australia ready to do a trade deal, Malcolm Turnbull says
The leaders discussed the "opportunities" raised by Britain's exit from the European Union , including a potential free trade deal with Australia once Brexit occurs.

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