How Beyond Meat sank from a $14B plant-based protein powerhouse to a penny stock(www.marketwatch.com)
14 pointsby bookofjoe4 hours ago4 comments
  • pingouan hour ago
    How come they are not able to make a profit? They have more and more competitors, ok, but surely the competitors are not rushing to also lose money, it seems that there is profit to be made. Why were they not able to optimise their costs over the years?

    "the price gap between more-expensive meat alternatives and the real thing kept widening since 2022, to $4.20 per pound in 2024" That's quite surprising, what could be the reasons?

    • HarHarVeryFunny43 minutes ago
      Are competitors doing well? It's really a bit of a weird product category - not really appealing to vegetarians or meat eaters. Who are they marketing it to?
      • bombcar41 minutes ago
        People who eat meat but feel bad about it, apparently.

        This is an extremely loud online group but apparently barely exists in real life.

      • FabCH25 minutes ago
        For an international perspective, I can tell you that their competitors are doing very well in my corner of Europe, but the competitions quality is 10x-100x that of Beyond.

        People buy competitors products because they are simply legitimately fine tasting products on their own, no vegetarian vs meat marketing required.

        Beyond just has shit product, even if they genuinely were the first to develop the technology.

  • sellmesoapan hour ago
    From the archive.pH link: > company’s current cash position will last four about six more quarters.

    Is that the type of mistake an LLM makes?

  • metalmanan hour ago
    disgusto revoltient was and is money trying to sell waste to get more money useing hype nobody wants to eat bugs and slime but that does not stop the money from trying to force it down peoples throats. try harder?, it will become illegal to market this as meat, or meat alternative, etc, and will be forced to label as vegetable protien, of which there are thousands of varieties all ready.