Cheddar Afternoon Business Update 12/1: Blue Apron, Amazon, Uber/Lyft

Posted: Updated:
NEW YORK -

Blue Apron co-founder Matt Salzburg is stepping down as CEO.

The move comes as the company's stock has lost 70 percent of its value since going public just five months ago. Blue Apron has struggled against competitors and took a huge hit when Amazon bought Whole Foods, with potential to offer a similar meal-delivery kit.

Meanwhile, add prescription pills to the list of items you could soon get on Amazon. The company is in talks with generic drugmakers, such as Mylan and Sandoz, about taking a role in drug purchasing. Amazon's plans are still not clear, but the CEO of Express Scripts says he sees a potential partnership.

And Uber's losses are Lyft's gains. The ride-hailing app saw revenues more than triple in the first half of the year, according to news site The Information. Lyft has also been gaining ground in other ways. Earlier this month, it said it's planning to expand to Toronto, its first city outside the U.S. Uber has been plagued with negative headlines surrounding the company culture.

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