marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
frankenfood
10/18/2024
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By Cassie B.
Desperate lab-grown meat industry claims it needs government subsidies to survive
Lab-grown meat is proving to be a spectacular failure, and producers are becoming so desperate that many are pushing for a public subsidy to stay afloat. Preliminary data from the venture capital firm AgFunder shows that funding in the lab meats sector fell by 78% in 2023 to reach $177 million, down from $807 million […]
03/05/2024
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By Laura Harris
Kellogg’s CEO faces backlash over “cereal for dinner” campaign amid rising grocery prices
Kellogg’s CEO Gary Pilnick has ignited a social media firestorm after claiming that the “cereal for dinner” campaign is “landing very well” with American consumers. The initiative, which suggests a more affordable dining option for families amid skyrocketing grocery costs in the form of Kellogg’s breakfast ceral products, has faced backlash. In a recent live interview […]
03/01/2024
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By Cassie B.
LET THEM EAT FLAKES: Kellogg’s CEO under fire for saying Americans should eat cereal for dinner to save money amid inflation
The CEO of Kellogg’s, Gary Pilnick, has come under fire after suggesting Americans save money in the face of rising food prices by eating cereal for dinner. His comments come at a time when Americans are spending the highest percentage of their income on food in decades at 10%, while the average family spends more […]
11/29/2023
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By Olivia Cook
Study: More Americans ditched turkey for FAST FOOD on Thanksgiving
More Americans have opted for fast food items instead of traditional roast turkey for Thanksgiving, according to a study. The study by Casino.org involved a nationwide survey of 2,000 American residents in 16 states, alongside a Google Trends analysis to find the most sought-after fast food chains. They then listed down the Top 6 fast […]
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 […]
04/13/2023
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By Cassie B.
Stubborn inflation causes the price of Big Macs to soar
The relentless inflation that has been draining Americans’ savings extends far beyond the grocery store, and one popular fast food sandwich illustrates just how much prices have risen in recent months. Although its price varies by location, a Big Mac combo meal is now selling for $16.89 in Connecticut. Right now, the average price for […]
03/30/2023
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By Arsenio Toledo
Global fake food market projected to be worth up to $3 trillion in the near future
Despite the recent drop in sales of fake meat, the entire fake food industry is still expected to grow, with some experts suggesting the entire market could be worth up to $3 trillion. This is according to management consulting firm McKinsey & Company, which claimed that as much as 60 percent of all materials inputted into the […]
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 […]
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