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...and who's down

Snacks / Tuesday, January 21, 2020

Lost my appetite... How American meal-kit company Blue Apron felt after German rival HelloFresh remained America's most-used meal kit crafter. Despite shrinking overall meal kit demand, HelloFresh's simpler DIY-ish mealkits enjoy 1.5M customers, a stock that's up 250% in the last year, and profitability. Blue Apron's down under 400K customers now, with shares 96% lower than their IPO price and it's so far allergic to profits.

Hands off my wheels... Volkswagen, BMW, and Daimler felt pressure from China over Germany's prized auto industry. Fun Snackfact: Germany sells more cars to China than to any other country (including Germany). Not-so-fun: China wants its own tech giant Huawei to build out Germany's 5G wireless network. Even-less-fun: US officials suspect Huawei can be used by China's gov to spy on American/Euro communications. Now Germany's stuck between US pressure (and potential tariffs) and China's threat to drop the Audis and Mercedes purchases.

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