Hype For Tech IPOs Gets Burnt By Blue Apron’s Quarterly Fail
Newly-public firms Snap and Blue Apron gave disappointing reports this week.
Both face serious competition: Snap with Facebook, and Blue Apron with Amazon’s buy of Whole Foods.
While it won’t dull the market’s appetite for tech IPOs, it will make investors less hungry for startups.
According to NBC News, financial experts say the upshot is likely to be more scrutiny, and less-ambitious valuations.
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