How Beyond Meat sank from a $14B plant-based protein powerhouse to a penny stock
8 points
2 hours ago
| 3 comments
| marketwatch.com
| HN
pingou
21 minutes ago
[-]
How come they are not able to make a profit? They have more and more competitors, ok, but surely the competitors are not rushing to also lose money, it seems that there is profit to be made. Why were they not able to optimise their costs over the years?

"the price gap between more-expensive meat alternatives and the real thing kept widening since 2022, to $4.20 per pound in 2024" That's quite surprising, what could be the reasons?

reply
sellmesoap
26 minutes ago
[-]
From the archive.pH link: > company’s current cash position will last four about six more quarters.

Is that the type of mistake an LLM makes?

reply
bookofjoe
2 hours ago
[-]
reply