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 2,501 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.