Cheddar Afternoon Business Update 12/1: Blue Apron CEO steps down

<p>Blue Apron has struggled against competitors and took a huge hit when Amazon bought Whole Foods.</p>

News 12 Staff

Dec 1, 2017, 7:59 PM

Updated 2,337 days ago

Share:

Blue Apron co-founder Matt Salzburg is stepping down as CEO, this as the stock has lost 70 percent of its value since going public five months ago.Blue Apron has struggled against competitors and took a huge hit when Amazon bought Whole Foods. It could potentially offer a similar meal delivery kit.
Meanwhile, add prescription pills to the list of items you could soon get on Amazon. The company says it is in talks with generic drug makers, such as Mylan and Sandoz, about taking a role in drug purchasing.
Amazon’s plans are still not clear, but the CEO of Express Scripts says he sees a potential for partnership.
Lastly, Uber's losses are Lyft's gains. The ride hailing app saw revenues more than tripled in the first half of the year, according to a news site.  Lyft has also been gaining ground in other ways. Earlier this month it said it's planning to expand to Toronto, its first city outside the U.S.
Uber has been plagued with negative headlines surrounding the company culture. 


More from News 12
0:49
Nassau County says it will rework its lease approval process in effort to build resort and casino

Nassau County says it will rework its lease approval process in effort to build resort and casino

1:17
Sunny and cool for Friday; chance for rain late Saturday into Sunday

Sunny and cool for Friday; chance for rain late Saturday into Sunday

2:01
Nassau/Suffolk Autism Society of America hosts special event at Cradle of Aviation Museum

Nassau/Suffolk Autism Society of America hosts special event at Cradle of Aviation Museum

1:53
Shop Mother’s Day Gifts – Exclusive Offers Up to 75% OFF!

Shop Mother’s Day Gifts – Exclusive Offers Up to 75% OFF!

1:48
Ducks posthumously honor co-owner during Opening Day

Ducks posthumously honor co-owner during Opening Day

2:01
Students take part in pro-Palestinian protest at Hofstra University

Students take part in pro-Palestinian protest at Hofstra University

1:56
Superintendent: Person accused of making threats to Islip School District in custody

Superintendent: Person accused of making threats to Islip School District in custody

1:54
South Setauket father charged for allegedly abusing infant son

South Setauket father charged for allegedly abusing infant son

1:27
East Meadow School District: Nesconset man accused of lewd act worked as social worker

East Meadow School District: Nesconset man accused of lewd act worked as social worker

2:35
Law enforcement resumes search in Manorville in connection with Gilgo Beach case

Law enforcement resumes search in Manorville in connection with Gilgo Beach case

0:36
11 LIRR employees suspended without pay, accused of submitting fake COVID-19 vaccine cards

11 LIRR employees suspended without pay, accused of submitting fake COVID-19 vaccine cards

0:27
Brent Burns, Dmitry Orlov help Hurricanes hold on to beat Islanders 3-2 for 3-0 series lead

Brent Burns, Dmitry Orlov help Hurricanes hold on to beat Islanders 3-2 for 3-0 series lead

1:13
The East End: Shou Sugi Ban House in Watermill

The East End: Shou Sugi Ban House in Watermill

Ready to explore the great outdoors? These 14 tips can help you stay safe while hiking

Ready to explore the great outdoors? These 14 tips can help you stay safe while hiking

Is your mom awesome? Long Island tell us why your Mom Rocks!

Is your mom awesome? Long Island tell us why your Mom Rocks!

2:01
Police: 21-year-old woman fled fatal Massapequa DWI crash in stolen town patrol car

Police: 21-year-old woman fled fatal Massapequa DWI crash in stolen town patrol car

0:20
Police: Hempstead man killed in 3-car crash on Meadowbrook Parkway

Police: Hempstead man killed in 3-car crash on Meadowbrook Parkway

0:21
UBS Arena to host 2024 MTV VMAs in September

UBS Arena to host 2024 MTV VMAs in September

0:26
Court adjourned for two suspects in human remains case

Court adjourned for two suspects in human remains case

0:31
John's Crazy Socks, Guide Dog Foundation unveil world's first tactile Braille socks

John's Crazy Socks, Guide Dog Foundation unveil world's first tactile Braille socks