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- Beyond Meat is slowly dying -- get out before it's too late
Beyond Meat is slowly dying -- get out before it's too late
The business environment has changed dramatically in the past two years. High inflation and high interest rates have exposed the weaknesses of many once-promising companies, like Beyond Meat ($BYND), the faux meat maker.
BYND went public in 2019, and it was the most successful IPO since the dot-com bubble, as the stock soared 163% on the first day of trading. Fast forward to today, and BYND stock is down 87% from the first day of trading.
A lot of things have changed in the financial markets over the past four years that have made life difficult for companies in their early stages of growth, such as the tightening monetary environment. But in the case of BYND, it seems like its entire business model is broken, while the industry it operates in is also facing some serious growth issues. BYND is now bleeding cash, deeply indebted, and the environment it operates in is only becoming tougher, raising serious concerns about the company’s future. Let’s see what went wrong.
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