It looks like it is game over for the Beyond Meat fake food company,
which saw its stock crash amid widespread disinterest in fake meat
products. After going public in 2019, the Bill Gates-invested company
saw a quick pop followed by a stead decline. The Beyond Meat share price
at the time reached a high of $234. As of this writing, Beyond Meat
shares are trading for $15.90 a pop.
What went wrong? Well, for
one, the vast majority of human beings crave real meat from animals.
They are not interested in a lab-concocted abomination of chemicals,
genetically modified organisms (GMOs), and other questionable
ingredients.
Second, Beyond Meat’s claim to fame that it had
developed a “climate friendly” alternative to real meat means very
little now that the world is waking up to the climate change scam.
Try
as it most certainly did to paint environmentalism across the brand,
Beyond Meat is now “beyond hope,” to quote an article in The Wall Street
Journal (WSJ) that documents the company’s rise and fall into oblivion.
“Beyond Meat was inundated with initial-public-offering cash,
and its products began appearing in restaurants and on grocery shelves,”
writes Andrew Boucher. “You can find Beyond Meat burgers, breakfast
sausages, brats, Italian sausages and something called ‘Beefy Crumbles’
at Walmart.”
“Beyond Meat jerky even started showing up in
convenience stores next to the real beef jerky, corn nuts and pork
rinds. McDonald’s introduced the McPlant … The question that many
investors, cheerleaders or financial analysts apparently didn’t bother
to ask: Who’s going to eat this?”...<<<Read More>>>....