Further Reading

Friday, 23 September 2022

The rise and fall of Beyond Meat

 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>>>....