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No dividend from My Food Bag as cost of living crushes earnings

The cost of living and “deteriorating economic environment” have eaten away at My Food Bag’s half-year finances, leading to the meal-kit company reporting...

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Detailed text transcripts for TV channel - CNN - 20170629:08:58:00

desktop, whatever, you start with a thing that works. you change the screen, maybe add a new future here and there. but that's it. you're done. iphone was brand new from the chip up. we had to write everything from scratch. we hit problems in every layer of every stack. it was a nightmare. >> a nightmare that is, you know, ubiquitous. check out the story about the creation of the iphone at cnnmoney.com. wall street is losing its appetite for blue apron as a new threat emerges from amazon. the mealkit company is slashing its ipo price to $10 per share. that puts the value about $1 billion less than it hoped. competition in the meal kit industry is tough. investors worry about amazon's deal with whole foods. whole foods and amazon already offer prepared meals combined. it would have the largest distribution network of any meal kit service. do you do a meal kit? >> i've never tried one. i've long wanted to try blue apron. i've heard great things. >> there's a lot of competition

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