VC-backed startups that went public and crashed, from Casper to Bird

In the decade since its founding, Blue Apron has helped bring busy Americans a new and convenient way to get dinner on the table.

However, by the time Blue Apron went public in 2017, its market debut proved underwhelming, as grocery delivery competition began heating up. As companies like Instacart and Amazon Fresh began taking market share, Blue Apron started to lose its luster. — as homebound Americans sought out food delivery services and attempted to avoid brick-and-mortar spaces to prevent spreading COVID-19 — sales dwindled again as social distancing measures lessened. ying to secure $56.

However, Casper made a disappointing debut in its initial public offering, hitting the market with a valuation of just $575 million a year later. The company wrote in a filing with the Securities Exchange Commission that it may"need to scale back, or discontinue certain or all of its operations in order to reduce costs or seek bankruptcy protection."

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Ex-Tesla Australia boss admits to insider tradingKurt Schlosser, former head of Tesla’s Australian operations, bought shares in Piedmont Lithium after becoming aware that Tesla had reached an agreement with the mining company.
Source: mining - 🏆 449. / 53 Read more »

DOJ Investigated Journalists for Insider Trading, Stalking ... and WorseThe Department of Justice says it is no longer treating acts of journalism as crimes, but insists it is probing some alarming crimes potentially committed by journalists. Skeptics have concerns: Could any of the recent criminal investigations against journalists mask payback for unwanted reporting? Phuck the fbi yeah i said it bitches come me broz i got enough shit on you to send all your asses to Columbia or was it peru In each and every case, the Justice Department asserts, “the suspected criminal conduct was wholly outside the scope” of the journalist’s “newsgathering activities.”
Source: RollingStone - 🏆 483. / 51 Read more »