Falling falling falling. The stock price of fake meat
Didn't they say the substance derived from lab-grown blood that gives it a meat flavor was carcinogenic?
The Impossible Burger company (Impossible Foods) has not gone public:
As of December 2023, Impossible Foods remains privately owned. Furthermore, while the company has stated that an IPO “will happen,” it seems not to be in a hurry, a state indicated by lukewarm statements and a lack of time references. Since the market curtailed its enthusiasm toward plant-based food alternatives during the second half of 2023, the current financial environment pushes the earliest likely Impossible Foods IPO date to 2024 or even 2025.
Beyond Meat isn’t worth much.
Even when its stock price was high, it never made any money. And now its cost of revenue exceeds its revenue. Better close up shop while it can.
https://finance.yahoo.com/quote/BYND/financials?p=BYND
I learned as a child to never trust 'ersatz' products
Learned first when Mom declared margarine, the new form of 'butter'. .
'Ersatz, unfit to eat. We will stick with butter'
She NEVER brought home ersatz in any form nor did she bring home soft drinks
"empty calories that will rot your teeth"
I have stuck with that throughout life
and will be 82 in two days. . .
Excellent news! Now we have to “Bud light” the insect farms into oblivion.