Earnings Results: Blue Apron stock tumbles as turning a profit is still only ‘a goal over the longer term’

Shares of Blue Apron Holdings Inc. suffered the biggest selloff in about 17 months on Thursday after the meal-kit company reported a wider loss and revenue that fell, while spending on marketing soared and is expected to increase even more this year.

Shares of Blue Apron Holdings Inc. suffered the biggest selloff in about 17 months on Thursday after the meal-kit company reported a wider loss and revenue that fell, while spending on marketing soared and is expected to increase even more this year.