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EU Hands Qualcomm $271 Million Fine

The European Commission has imposed a fine of €242 million (around $271 million) on U.S. chipmaker Qualcomm for behavior it termed "predatory pricing". The EU is alleging Qualcomm at some time abused its market dominance in 3G baseband chipsets by selling them at below production cost with an aim to force competitor Icera out of the market. Such activity is illegal under EU antitrust law.

The EU alleges Qualcomm abused its market dominance between mid-2009 and mid-2011 by selling certain 3G baseband chipsets below production cost to Huawei and ZTE, claiming this was done with an aim of eliminating Icera, Qualcomm's main rival in the 3G baseband market as at that time. An investigation into Qualcomm was first launched by the European Commission in 2015.


The European Commission opened a formal investigation on the 16th of July 2015 and sent out a Statement of Objections [a document stating preliminary concerns of its investigation] on 8 December 2015. Another Statement of…
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Thumbtack Now Valued At $1.7 Billion

Shortly after a recent report of Thumbtack raising up to $120 million in new funding, the San Francisco-based startup [that matches local professionals with customers who desire their services] has announced $150 million in new funding that values it at $1.7 billion, a slight jump from a previous $1.3 billion valuation. Sequoia Capital led the funding, with participation from Baillie Gifford. Both are previous investors in Thumbtack.

Thumbtack says it'll put the new funding towards growth, and investments in products and pro tools, such as deeper scheduling and payment integrations that'll help local services professionals instantly find customers. It'll hire aggressively this year to do so. Thumbtack's mobile customer engagement has increased sixfold since 2017 when it remodeled its booking platform. It has also experienced annual mobile growth rates of 125% since then.


This round included, Thumbtack has raised more than $400 million in total funding. Famed VC Sequoi…

Microsoft Bets $1 Billion On OpenAI

Microsoft has announced it's investing $1 billion into OpenAI, an AI company founded by Elon Musk and Y Combinator chairman Sam Altman. The investment is part of a partnership between both companies to work on AI systems. Under the partnership, OpenAI and Microsoft will jointly develop new AI supercomputing technologies for Microsoft Azure. OpenAI is also porting its services to run on Microsoft Azure and will make Microsoft its preferred partner for commercialization of new AI technologies.

In simple terms, both companies will do joint R&D work on AI technologies. Both parties stand to benefit from this partnership, with OpenAI getting significant funding for its operations while Microsoft gets first-hand access to new AI technologies that may result from OpenAI's expertise. As both companies work on Microsoft Azure, any resulting AI enhancements also  stands to benefit developers who are building AI applications on the cloud-computing platform.


OpenAI was launched in 20…

Lehmann Shows Us Postmates' Cute Little Robot

Amid tittle-tattles of Postmates shopping itself to several buyers, CEO Bastian Lehmann appeared at a recent Fortune Brainstorm Tech conference [video] to talk about the delivery company and the gig economy on the whole. Lehmann addressed acquisition rumors with a casual statement of "..I can’t comment" although he later said the "..plan is to take it public". Postmates confidentially filed for an IPO earlier this year but hasn't [soon-after] followed up with an official S-1 filing as conventionally done.

Shortly after the Fortune conference, Lehmann also penned an op-ed on CNN that pushed for improvement of workforce conditions for gig economy workers and corporation with labor unions. "...Gig companies don't have a long history of working with organized labor, but the way forward depends on us viewing unions as working partners, not sparring partners." Lehmann wrote in his op-ed. "Our business models may be new, but labor organizers have g…

Cisco Reportedly In Talks To Acquire Signal Sciences

Cisco has been a keen buyer of several startups and well-established companies alike. Just some days ago, the networking company scooped up optical tech supplier Acadia Communications for $2.6 billion. A month before that, Cisco acquired french IoT company Sentryo. Now it seems the company is eyeing another acquisition, with news from The Information [paywall] stating that Cisco is looking to acquire Signal Sciences, a Los Angeles-based cybersecurity startup.

Signal Sciences is one of many startups lurking in the cybersecurity industry. It develops software that protects apps running on cloud providers and on data centers from malicious attacks. Signal Sciences has courted many top tech companies as customers, to name some; DoorDash, Betterment, Remitly, Adobe, WeWork, Glossier, Cisco's Duo Security, One Medical, Yelp, PlanGrid, Procore, Postmates, Tenable and SendGrid. Overall, Signal Sciences protects more than 10,000 applications.

Signal Sciences already has some relations wit…

Forbes Predicts The Next Billion Dollar Startups

Every year, popular media publication Forbes dishes out a list of startups they predict will be the next to hit billion dollar valuations and join some roughly 360 startups that are currently in that position. Forbes has been quite good with its predictions, having predicted billion dollar valuations for many unicorns now widely recognized [to name some; Docker, Tanium, Looker, Outreach, Sonder, Opendoor, Deliveroo, Vlocity, Plaid, Segment, Flexport, DoorDash, AwayLemonade, KeepTruckin and more.

Forbes recently debuted its predictions for this year, selecting some 25 venture-backed startups that it foresees as the next billion dollar startups. The startups selected by Forbes are listed below;

Next Trucking: Next Trucking is an El Segundo, California-based startup that connects shippers and truck carriers in the $800 billion U.S. trucking industry. Next Trucking focuses on drayage [moving goods from ports to warehouses], which is its distinction from similar services like Uber Freigh…

Toyota To Develop EVs With China's BYD

Just after inking a supply deal with Chinese EV battery manufacturer CATL, Toyota has announced an agreement to develop electric vehicles with Chinese automaker BYD. Both companies have agreed to jointly develop electric sedans and low-floor SUVs alongside the batteries that'll be used to power them. The aim is to launch the jointly developed vehicles in China in the first half of next year. The vehicles will be launched under the Toyota brand.

BYD was one of the earliest entrants into the hybrid electric vehicle market and is currently the world's largest electric car manufacturer [paywall]. Although it sells the most EVs, its brand isn't widely recognized outside China, in comparison to rival Tesla which commands much more fanfare. Likewise, Toyota was an early entrant into the electric vehicle scene, with a first foray into the market in 1997.


BYD is a top seller of both fully electric vehicles and plug-in hybrid models. The company does significant in-house production…

Tencent And BMW Collaborate On Self-Driving Tech

Tencent and BMW have reached an agreement to work together on a platform that'll be used to develop self-driving technologies and products. Both companies signed an agreement at a ceremony that held in Beijing on Friday, 19 July. The platform they'll work on is called the "BMW Group China High Performance D³ platform", an IT platform that'll be used for safety validation of Level 3 autonomous driving and early studies of Level 4 in BMW vehicles. BMW plans to begin production of cars equipped with Level 3 self-driving tech by 2021.

Post 2021, the "D³" platform will aid post-production development of Level 3 models and research into Level 4 self-driving tech. Thanks to this partnership, Tencent will provide IT architecture, platforms and tools required for self-driving research and development. The Chinese tech giant will also provide security expertise to ensure both parties comply with Chinese laws and regulations on data security, prevent security ris…

CrowdStrike Impresses With First Quarterly Results

CrowdStrike -- a cybersecurity company among a host of tech companies that have recently gone public -- just released its first financial results as a public company, showing impressive stats for the first quarter of its fiscal 2020. Revenue for the quarter grew 103% from [$47.3 million] in the same period last year to $96.1 million while losses shrank more than 20% from [$33.6 million] last year to $26 million.

CrowdStrike jumped 11% on the Nasdaq stock exchange after releasing its financial results. Other stats from its quarterly results include:
543 new subscription customers added$175.1 million in cash, cash equivalents and marketable securities as of April endAnnual Recurring Revenue (ARR) up 114% to $364.6 million as of April end
CrowdStrike expects Q2 fiscal 2020 revenue of between $103 million-$104 million. For the full year, it's expecting revenues of between $430.2 million-$436.4 million. CrowdStrike recently had an IPO that raised $659.1 million in net proceeds. The com…

N26 Extends Series D By $170 Million

N26, a Berlin-based mobile banking startup, has raised $170 million in new funding that's an extension of a $300 million Series D closed earlier this year. The new investment values N26 at $3.5 billion, up from a $2.7 billion valuation when it closed the earlier Series D. All investors who backed the previous Series D were contributors to the $170 million haul.

N26 says it'll use the additional funds to fuel expansion in the US, Europe, and Brazil. It'll also invest in new features for its users. N26 has grown rapidly within the last 12 months, tripling its workforce to more than 1,300 employees during the period. Even with such [large] headcount, the Berlin-based startup is still hiring for its offices in Berlin, Barcelona, Vienna, São Paulo, and New York.


N26 launched in January 2015 to huge success, with 3.5 million customers now signed up on its mobile banking app. Last week, N26 launched in the US, it's first market outside Europe. The Berlin-based startup plans …

Toyota Taps CATL For Supply Of EV Batteries

Toyota has entered into a deal with China's CATL that'll see the latter supply electric vehicle batteries to the Japanese automaker. Discussions on new battery tech development, product quality improvements and the reuse and recycling of EV batteries have also commenced between both companies. This deal comes not long after Volvo, another top automaker, inked a similar deal with CATL and South Korea's LG Chem.

CATL is a top manufacturer of electric vehicle batteries, with a 41% market share and $4.4 billion in 2018 revenues. The Chinese company's battery output grew 261.1% from 630 MWh in 2017 to 2.274 GWh in 2018.


As a stable supply of batteries is essential to any automaker producing electric vehicles, having CATL [a top manufacturer that can fulfill huge orders] as a supplier is good for Toyota. Toyota and CATL are not just stopping at battery supplies but also intend to work on other joint battery-related systems and initiatives.

This agreement benefits the two, w…

IAC Bets $250 Million On Turo

IAC -- the New York based company behind popular dating sites Tinder, Match, PlentyOfFish and OkCupid, and popular video site Vimeo -- has announced it's investing $250 million in peer-to-peer car sharing marketplace Turo. This investment will make IAC Turo's largest shareholder and also give it rights to expand its ownership over time.

The investment pushes Turo's total equity funding to $470 million. IAC CEO Joey Levin is joining Turo's board as part of its investment. A blog post penned by Turo CEO Andre Haddad said the investment pushed Turo "past the billion-dollar valuation mark", implying the San-Francisco based startup is now valued above $1 billion.


Turo plans to make use of IAC's investment "to help accelerate growth and refine the customer experience", according to a press statement. Although the statement isn't quite clear, one's take would be that Turo is making use of IAC's investment to fund growth and operations.

Tur…

Blue Apron Adds Beyond Meat Burgers To Menus

Blue Apron has announced it's adding plant-based products from Beyond Meat [a company popularly known for its plant-based burgers] to its menus beginning this summer. Recipes from both brands will be included on Blue Apron's Two-Serving Plan starting this August. The recipes will feature the Beyond Burger, a four once patty with 20 grams of plant-based protein that's made by Beyond Meat. The Beyond Burger contains no GMOs, soy, or gluten.

Blue Apron says it'll continue to feature Beyond Meat products on its menus as part of its partnership with the plant-based meat maker. In reaction to the announcement of its partnership, Blue Apron's stock soared more than 50% during afternoon trading. This isn't surprising given the recent buzz around Beyond Meat, which has soared nearly 600% from an IPO debut price of $25. As of writing, Beyond Meat trades at roughly $174 a share, with a $10.4 billion market cap.


On the other hand, Blue Apron has struggled on the public ma…

Curve Valued At $250 Million With $55 Million Series B

Curve -- a London-based fintech startup that launched out of beta February last year -- has announced $55 million in Series B funding that values it at a quarter of a billion dollars ($250 million to be precise). Gauss Ventures led the funding, with participation from other investors including Santander InnoVentures, Creditease, IDC Venture, Seedcamp, Outward VC and more.

Curve says it's on track to hit 1 million customers by year end. The London-based startup operates an app that lets customers link all their bank accounts and cards into one single card. Curve customers can spend abroad without any fees, and get instant notifications and categorisation of what they spend.


Using Curve cards, customers can also swap spend to a different card they have linked to the app for up to two weeks after a purchase is made. There's also instant 1% cashback on some services including Amazon, Uber, Netflix and more.

Curve operates out of two offices in London and Bristol. The fintech star…

Google Accused Of IP Theft By Ad-Tech Startup

Impact Engine, a San Diego-based digital advertising tech startup, has brought a court case against Google, alleging the search giant infringed on its intellectual property and patent-protected technology. In a press release announcing its lawsuit, Impact Engine says Google sent it invitations to multiple meetings to discuss partnerships over the course of two years.

According to the ad-tech startup, It was required to develop a prototype of its advertising tech to run on Google's platform and share source code and IP with Google as a requirement for furthering discussions. This source code and IP is what Impact Engine alleges Google infringed on. The San Diego-based startup claims Google’s Display Ad Builder product is almost wholly based on IP and ideas created by Impact Engine. The ad-tech startup claims Google infringed on six of its patents.


“As a result of Google’s brazen and willful patent infringement, Impact Engine has been forced to compete against our own technology,” …

E-Cigarette Makers Gets 10 Months FDA Review Window

A recent ruling from a federal District Court judge in Maryland has given e-cigarette makers like Juul, Vuse, Blu, Njoy and more a 10 months deadline to submit applications to U.S. regulators to continue selling their products. The U.S. Food and Drug Administration (FDA) had previously provided a guideline to help e-cigarette makers form their applications. As per the recent ruling, a company's e-cigarettes can be sold for up to one year while the FDA reviews its application.

The ruling from a U.S. federal judge was in response to a legal case brought by public-health and anti-tobacco groups after the FDA delayed an earlier application deadline.The groups argued that the FDA had avoided its obligation to regulate e-cigarette products. E-cigarette products have been blamed for an increase in youth vaping.


The groups behind the legal case had requested a four-month deadline, while the FDA had told the federal judge 10 months was the earliest it would suggest for applications to be …

Recursion Pharmaceuticals Raises $121 Million Series C

Recursion Pharmaceuticals -- a Salt Lake City, Utah-based biotech that's leveraging AI for drug discovery -- has raised $121 million in Series C funding. The funding was led by Baillie Gifford and the Scottish Mortgage Investment Trust, with participation from other investors including Menlo Ventures, AME Cloud Ventures, CRV, Two Sigma Ventures, Felicis Ventures, Regents of the University of Minnesota, Texas Tech University System and more.

According to Pitchbook data, Recursion was valued at $646 million with this investment. The Utah-based startup says the new funding will shore up the build-out of its machine learning-enabled drug discovery platform alongside some new capabilities. Recursion will also invest in its growing pipeline of pre-clinical and clinical assets, which includes clinical-stage programs for some rare diseases.


Recursion is one among several startups that's looking to input AI into the drug discovery process. According to Pitchbook data, investors poured…

US Army To Test Armed Robotic Vehicles Next Year

The U.S. Army has said it'll begin testing the use of robotic combat vehicles (RCVs) by next year. A month-long operational test has been scheduled for March next year at Fort Carson, Colorado. The U.S. army says the test will provide input on next steps to take with the use of autonomous vehicles in military operations.

The next year test will be the first phase, with two more scheduled for late fiscal 2021 and mid-fiscal 2023. The RCVs [built on an M113 armored personal carrier] will be controlled from the back of modified Bradley Fighting Vehicles. Next year's test will involve two of such modified vehicles and four RCVs. Each modified vehicle will have a driver, gunner and four soldiers in its rear that'll control a pair of RCVs to conduct platoon-level maneuvers. The RCVs will be equipped with 360-degree cameras and a remote turret, which crew members will control with touchscreens.


There are three RCV variants adopted by the U.S. Army for this purpose -- light, medi…

Amazon Reportedly Working On Alexa Robot

According to a recent report from Bloomberg, Amazon is working on a wheeled robot that can be controlled by Alexa commands, alongside a new Echo Speaker. Bloomberg reports both devices are being developed at Amazon Lab126, an R&D team based in Sunnyvale, California. The report says Amazon originally planned to unveil the robot as early as this year but hasn't yet gotten to a point of mass production readiness for the machine.

Although Amazon could choose to axe the project, Bloomberg reports the company has courted engineers from other projects to work on it -- an indication the company plans to sell it at some point. It remains unclear what tasks the robot may be used for. Bloomberg reports [citing unnamed people familiar with the project] prototypes that are about waist-high and move around with the help of several computer-vision cameras. An Amazon engineer was said to have summoned the machine with his voice at an internal demonstration.

Amazon has not made any public sta…

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Meet goPuff, A Low-key Delivery Company Worth $1 Billion

The food-delivery market is one with intense competition. The likes of DoorDash, Uber Eats, Postmates, Deliveroo, Swiggy, Just Eat, Yelp Eat 24, and more are steadily competing for global market share while also raising huge funding. Just recently, Deliveroo raised $575 million in a round led by Amazon. DoorDash has also raised $600 million Series G funding at a $12.6 billion valuation.

Amid the intense battle, it turns out there's one hot startup that has stayed low key to avoid the eye of rivals, but it seems word is getting out. That low-key hot startup is goPuff, on-demand convenience store delivery app that was valued at $1 billion last November after a financing round, according to regulatory filings reviewed by The Information. goPuff ships products to customers from centrally located facilities -- as opposed to direct pickup from stores -- in 81 U.S. cities.


The company -- based in Philadelphia -- stocks more than 3,000 products at its facilities which it then ships to cu…

Lehmann Shows Us Postmates' Cute Little Robot

Amid tittle-tattles of Postmates shopping itself to several buyers, CEO Bastian Lehmann appeared at a recent Fortune Brainstorm Tech conference [video] to talk about the delivery company and the gig economy on the whole. Lehmann addressed acquisition rumors with a casual statement of "..I can’t comment" although he later said the "..plan is to take it public". Postmates confidentially filed for an IPO earlier this year but hasn't [soon-after] followed up with an official S-1 filing as conventionally done.

Shortly after the Fortune conference, Lehmann also penned an op-ed on CNN that pushed for improvement of workforce conditions for gig economy workers and corporation with labor unions. "...Gig companies don't have a long history of working with organized labor, but the way forward depends on us viewing unions as working partners, not sparring partners." Lehmann wrote in his op-ed. "Our business models may be new, but labor organizers have g…

Bird Reportedly In Talks To Acquire Scoot

According to a TechCrunch report, Bird -- the $2 billion valued Santa Monica-based startup known for its on-demand scooters -- is in talks to acquire Scoot, a competitor that has raised roughly $47 million in total funding, and was last valued at $71 million. TechCrunch says Bird has agreed to acquire Scoot although a deal is likely not yet closed. If it pulls through, this will be Bird's first full acquisition.

Scoot operates in the cities of San Francisco, Barcelona, and Santiago, with a fleet of manual kick scooters, electric scooters and electric bikes that users of its mobile app can access. The company has done more than 2.5 million total rides. Its backers include Vision Ridge Capital, India's Mahindra Partners, SunPower founder Tom Dinwoodie and Scout Ventures.


Bird -- led by former Uber and Lyft executive Travis VanderZanden -- on the other hand is much bigger, having raised $415 million in total funding according to Crunchbase data. Its backers include Accel, Ashton…

Toyota Taps CATL For Supply Of EV Batteries

Toyota has entered into a deal with China's CATL that'll see the latter supply electric vehicle batteries to the Japanese automaker. Discussions on new battery tech development, product quality improvements and the reuse and recycling of EV batteries have also commenced between both companies. This deal comes not long after Volvo, another top automaker, inked a similar deal with CATL and South Korea's LG Chem.

CATL is a top manufacturer of electric vehicle batteries, with a 41% market share and $4.4 billion in 2018 revenues. The Chinese company's battery output grew 261.1% from 630 MWh in 2017 to 2.274 GWh in 2018.


As a stable supply of batteries is essential to any automaker producing electric vehicles, having CATL [a top manufacturer that can fulfill huge orders] as a supplier is good for Toyota. Toyota and CATL are not just stopping at battery supplies but also intend to work on other joint battery-related systems and initiatives.

This agreement benefits the two, w…

Cisco Reportedly In Talks To Acquire Signal Sciences

Cisco has been a keen buyer of several startups and well-established companies alike. Just some days ago, the networking company scooped up optical tech supplier Acadia Communications for $2.6 billion. A month before that, Cisco acquired french IoT company Sentryo. Now it seems the company is eyeing another acquisition, with news from The Information [paywall] stating that Cisco is looking to acquire Signal Sciences, a Los Angeles-based cybersecurity startup.

Signal Sciences is one of many startups lurking in the cybersecurity industry. It develops software that protects apps running on cloud providers and on data centers from malicious attacks. Signal Sciences has courted many top tech companies as customers, to name some; DoorDash, Betterment, Remitly, Adobe, WeWork, Glossier, Cisco's Duo Security, One Medical, Yelp, PlanGrid, Procore, Postmates, Tenable and SendGrid. Overall, Signal Sciences protects more than 10,000 applications.

Signal Sciences already has some relations wit…

GM Cruise Raises $1.15 Billion At $19 Billion Valuation

GM Cruise has secured $1.15 billion in funding from a group of investors including Honda, Softbank Vision Fund and parent company General Motors who are existing investors, and funds advised by T. Rowe Price. Cruise made this known via a press release that was tweeted on Tuesday. The investment valued GM Cruise at $19 billion, up from $14.6 billion after a $2.75 billion investment commitment by Honda October last year.

"Developing and deploying self-driving vehicles at massive scale is the engineering challenge of our generation," Cruise CEO Dan Ammann said in the tweeted press release. "Having deep resources to draw on as we pursue our mission is a critical competitive advantage." This investment comes not so long after Uber's Advanced Technologies Group (ATG) raised $1 billion from Toyota, Denso, and Softbank Vision Fund (notably a participant in this round for GM Cruise.)


The Softbank Vision Fund earlier this year also invested $940 million into Nuro, anoth…

Tencent And BMW Collaborate On Self-Driving Tech

Tencent and BMW have reached an agreement to work together on a platform that'll be used to develop self-driving technologies and products. Both companies signed an agreement at a ceremony that held in Beijing on Friday, 19 July. The platform they'll work on is called the "BMW Group China High Performance D³ platform", an IT platform that'll be used for safety validation of Level 3 autonomous driving and early studies of Level 4 in BMW vehicles. BMW plans to begin production of cars equipped with Level 3 self-driving tech by 2021.

Post 2021, the "D³" platform will aid post-production development of Level 3 models and research into Level 4 self-driving tech. Thanks to this partnership, Tencent will provide IT architecture, platforms and tools required for self-driving research and development. The Chinese tech giant will also provide security expertise to ensure both parties comply with Chinese laws and regulations on data security, prevent security ris…

EU Hands Qualcomm $271 Million Fine

The European Commission has imposed a fine of €242 million (around $271 million) on U.S. chipmaker Qualcomm for behavior it termed "predatory pricing". The EU is alleging Qualcomm at some time abused its market dominance in 3G baseband chipsets by selling them at below production cost with an aim to force competitor Icera out of the market. Such activity is illegal under EU antitrust law.

The EU alleges Qualcomm abused its market dominance between mid-2009 and mid-2011 by selling certain 3G baseband chipsets below production cost to Huawei and ZTE, claiming this was done with an aim of eliminating Icera, Qualcomm's main rival in the 3G baseband market as at that time. An investigation into Qualcomm was first launched by the European Commission in 2015.


The European Commission opened a formal investigation on the 16th of July 2015 and sent out a Statement of Objections [a document stating preliminary concerns of its investigation] on 8 December 2015. Another Statement of…

Big Data startup Domo slashes its unicorn status ahead of upcoming IPO

image credit : Domo

Business Intelligence and Big Data startup Domo which was last valued at $2 Billion in its private round of funding just set the terms for its IPO as of recent and things don't really good for the company's filing.

The company filed for going public with an outstanding 24,953,806 shares priced between $19-22 each which implies an an IPO value of $546 million which is way lower than its $2 Billion unicorn status for the company which raised over $600 million from several investors including TPG, Bezos Expeditions, BlackRock, IVP and a slew of others.

This represents a loss for the company which currently operates under negative cash flow with operation costs of $148.7 million for the most recent fiscal year ended Jan 31 but with only $71.9 million cash at hand.

Domo booked $116 million in sales for the 12 months leading to April 30 2018 and is aiming to raise $189 million through the sale of 9.2 million shares in the upcoming public offering.

Domo will join …

Blue Apron Adds Beyond Meat Burgers To Menus

Blue Apron has announced it's adding plant-based products from Beyond Meat [a company popularly known for its plant-based burgers] to its menus beginning this summer. Recipes from both brands will be included on Blue Apron's Two-Serving Plan starting this August. The recipes will feature the Beyond Burger, a four once patty with 20 grams of plant-based protein that's made by Beyond Meat. The Beyond Burger contains no GMOs, soy, or gluten.

Blue Apron says it'll continue to feature Beyond Meat products on its menus as part of its partnership with the plant-based meat maker. In reaction to the announcement of its partnership, Blue Apron's stock soared more than 50% during afternoon trading. This isn't surprising given the recent buzz around Beyond Meat, which has soared nearly 600% from an IPO debut price of $25. As of writing, Beyond Meat trades at roughly $174 a share, with a $10.4 billion market cap.


On the other hand, Blue Apron has struggled on the public ma…