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. (Related: Bill Gates' plan was to force everyone in the world to eat Beyond Meat.)
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?"
While there will always be a very small contingent of society that falls for these types of creepy, lab-made products, the vast majority of people prefer real meat from animals, period.
No amount of dressing up chemical mush into the shape of a steak or a chicken wing will ever make the types of products Beyond Meat produces palatable. And the company is now learning that the hard way.
"Even among vegetarians, how many were ever in the market for something that reminds them of the taste of charred cow flesh?" Boucher adds. "Just a guess, but someone who 'considers' himself a vegetarian and gets in line at McDonald's is probably going to order the usual fare."
Another strange development in the Beyond Meat saga is the recent arrest of the company's chief operating officer (COO), Doug Ramsey.
Ramsey is said to have bitten a man's nose after an Arkansas football game. He had just watched Arkansas beat Missouri State at Razorback Stadium when Ramsey had a confrontation in the parking lot.
"According to cops, a driver of a Subaru 'inched his way' toward [Ramsey's] Bronco, connecting with the front passenger tire," reports TMZ.
"That's all it allegedly took for Ramsey to go ballistic, jumping out of his whip and allegedly punching through the back windshield of the Subaru."
The owner of the Subaru, we are told, got out of his car as well and started punching Ramsey. Ramsey responded by "bit[ing] the owner's nose, ripping the flesh off the tip of the nose," according to a police report – check out Ramsey's mugshot at TMZ.
The driver of the Subaru also says that Ramsey threatened to murder him, after which Ramsey was arrested on charges of making terroristic threats and committing third-degree battery.
The final nail in Beyond Meat's coffin could be its hiring of Kim Kardashian as the company's official spokesperson. Yeah, things are not looking so good for Beyond Meat these days.
More related news about the collapse of the fake meat industry can be found at Frankenfood.news.
Sources for this article include: