It is proper to call it an exit scam. Blue Apron has lost 90% of its value since IPOing 2 years ago.
Day one investors transfered virtually all of their value to company insiders.
Day one investors transfered virtually all of their value to company insiders.
> We have experienced net losses in each year since our inception. In the years ended December 31, 2014, 2015 and 2016, we incurred net losses of $(30.8) million, $(47.0) million and $(54.9) million, respectively.
Blue Apron and AirBnB are not comparable.