Why Blue Apron Stock Has Fallen 74.2% in 2018

Why Blue Apron Stock Has Fallen 74.2% in 2018

Blue Apron Holdings (APRN) is facing the blues. A pioneer in the meal kit space, the company is now facing numerous challenges. A shrinking customer base and stiff competition in the meal kit space are two of its major concerns. The meal kit arena now boasts many big and small players, including HelloFresh, Marley Spoon, Amazon (AMZN), and Kroger (KR).