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At This Point, Amazon Can Crush a Company Just By Filing for a Trademark. Amazon is an unstoppable beast, consuming all industries that are ripe for disruption and unfortunate enough to cross its path. On Monday, its latest victim was the struggling food delivery service Blue Apron. For 2. 0 years, Whole Foods has enjoyed the honor of being on Fortune magazine’s list of the top 1. Read more Read. Following Amazon’s bombshell announcement of an agreement to acquire the Whole Foods grocery chain for $1.

Kroger, Target, Wal- Mart, and Costco, have all recently felt the Amazon effect. But no one has been as hard hit as Blue Apron. Watch Frank And Cindy Online Forbes more.

The weekly meal- kit delivery service went public in June, just days after Amazon’s surprise acquisition announcement. IPOs take a long time to come together and there’s no way Blue Apron could have anticipated the move.

It initially forecast its IPO range as $1. In the wake of Amazon’s announcement, that valuation had to be dropped to $1. It opened and closed its first day of trading with a flat price. But Monday was a day of reckoning. The Street first reported that Amazon Technologies Inc. Knowing which stock to target, traders sent the Blue Apron price tumbling. By 1. 1: 1. 9 AM, it was down 9.

The ominous figure was $6. After hours trading showed the stock hovering in the same range. Blue Apron was already trying to break into a tough business and in its initial prospectus, it said that it had just enough cash and borrowing capacity for at least one year. Taking a 3. 5 percent hit to its stock price isn’t going to make anything easier. Amazon’s price ticked up 1 percent to $1. The online retail giant is a killer when it comes to aging industries like selling books.

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But it still faces stiff competition from its contemporaries. As recently as December, analysts were signaling that Netflix should be terrified of Amazon Prime. That could still be the case, but Netflix posted huge numbers today. After blowing away new subscriber estimates, the streaming service saw its shares rise by 1. Bezos may have the supply chains and the willingness to reinvest profits, but he doesn’t have Orange is the New Black.[The Street via Bloomberg]. Watch Online Watch Teenage Tourettes Camp Full Movie Online Film on this page.