Thoughts From A Busy Tech Day ($APRN, $AMZN, $NFLX)

By: ispeculatornew
Date posted: 07.18.2017 (6:10 am) | Write a Comment  (0 Comments)

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Blue Apron (APRN) was going to face an uphill battle no matter what as part of being the lead player in a rather risky and expensive new business but it’s difficult to imagine a worse timing for the company to go public isn’t it? It did so a few days before Amazon’s (AMZN) announcement that it would buy Whole Foods and now Amazon seems intent on directly competing with APRN after filing for a trademark related to meal delivery. I don’t think the risks are overblown here. I don’t believe APRN can currently survive competition from AMZN so the current move does not seem overblown to me:

Impressive Numbers From Netflix

Netflix was expected to add a bit over 3m subscribers in the last quarter but it did much better than that by adding over 5m (4.14 intl and 1.07 domestic) which is highly encouraging. I will try to write more about it but I personally continue to be a believer in NFLX’s long term business even though its current financials are not great. Netflix should continue to focus on user growth and international expansion.

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