Cheddar Afternoon Business Update 12/1: Lyft triples revenue

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A major CEO stepping down this afternoon. Blue Apron’s co-founder Matt Salzburg is stepping down as CEO, as the 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, who could potentially 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 drug makers, 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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