Fake Meat Industry Continues To Plunge
Fake meat CEO regrets believing media reports saying public ready to ditch meat. 😅
(frontline.news)
Embarrassing!
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These people are stupid. And this weird crap has a much greater "environmental" impact then raising beef.
"The fake meat industry continues to nosedive as its flagship enterprise, Beyond Meat, continues to hemorrhage cash.
In a third-quarter earnings report last week, the company reported an 8.7% drop in net revenue year-over-year at $75.3 million. While gross profit was better than last year, it was still a loss of $7.3 million. Beyond Meat’s net loss was $70.5 million, down from $101.7 million from last year.
“We are disappointed by our overall results as we continue to experience worsening sector-specific and broader consumer headwinds,” Beyond Meat President and CEO Ethan Brown said in the report. “As we shared last week, we are conducting a review of our global operations for purposes of further and significantly reducing our operating expense base as we seek to accelerate our transition to a sustainable and, ultimately, profitable business.”
Raising cattle can be good for the environment. The climate cult hates this video because the guy applied a scientific approach to using cattle, sheep, and hoats to reverse desertification of grazing lands.
https://m.youtube.com/watch?v=vpTHi7O66pI