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Beyond Meat
11/10/2023
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By Ramon Tomey
Beyond Meat struggles to address declining sales – people will always choose REAL over FAKE
Fake meat company Beyond Meat fell short of market expectations for its quarterly revenue, posting losses bigger than market estimates during a Nov. 8 post-earnings call. Executives from the El Segundo, California-based company said the percentage of people in the U.S. who believe plant-based meats are healthy is likely to have dropped further this year. […]
11/06/2023
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By Olivia Cook
Fake meat food bubble is bursting: Beyond Meat slashes revenue outlook, plans to cut jobs
Beyond Meat, Inc. announced on Thursday, Nov. 2., that it is slashing its revenue forecast for the second time in three months – a decline of as much as 21 percent from 2022. As it reduces operating expenses, the company also plans to eliminate 65 jobs, representing eight percent of its global workforce. The plant-based meat factory […]
02/22/2023
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By Arsenio Toledo
Fake meat companies are failing as consumers abandon processed plant-based alternatives to real meat
Fake meat companies are failing, as a majority of consumers who choose to eat meat abandon the cultured counterpart due to high prices, disappointing taste and questionable benefits. In 2020, retail sales of plant-based fake meats grew by 45 percent and surpassed the $1 billion mark for the first time as more and more consumers became […]
02/09/2023
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By Arsenio Toledo
Bill Gates-backed fake meat companies on the verge of financial collapse
The synthetic meat industry that billionaire Bill Gates is heavily supporting is teetering on the brink of financial collapse as consumers roundly reject fake meat. The two major companies that Gates backs – Beyond Meat and Impossible Foods – are announcing massive layoffs after sales plummeted. Nearly a decade ago, Gates started pouring investments into the […]
11/11/2022
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By Ethan Huff
Consumers REJECT Beyond Meat fake processed imitation meat products; company massively downsizing
Things are not looking good – at all – for Beyond Meat, which reported a wider-than-expected loss for its third quarter. The company has been struggling for a while amid plummeting demand for fake meat products – it turns out most people want the real thing. (Related: Learn more about the rise and fall of […]
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