Who remembers Beyond Meat

John@Doe

1Lun

Why remember? They "still" exist. Doesn't look so rosy. Never been busy, neither with the share nor with consumption.

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The W.@thewolfofallstreetz

1Lun

@Doe "Still"... I can only say beware of overpriced IPOs.

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byebyebayern@byebyebayern

1Lun

@Doe In the past, vegans have often informed you about their diet without being asked. It seems to be a concern of yours that you have never considered vegan food or even trying it. Interesting.

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Investfamily@Investfamily

1Lun

As hyped back then as palantir is today! There are several examples of this!

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The W.@thewolfofallstreetz

1Lun

@Investfamily But Palantir has good fundamentals compared to Beyond Meat, you can't compare them. Peloton, for example, is a better fit.

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Sansebastian@Sansebastian

1Lun

@Investfamily Compare Palantir with beyond meat 🥸

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Hendan@Hendan

1Lun

How can you compare Palantir to this?

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mami_goes_boerse@mami_goes_boerse

1Lun

Isn't Oatly such a case too 🤔

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Investfamily@Investfamily

1Lun

@Sansebastian it's all about the hype factor!

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Sansebastian@Sansebastian

1Lun

@Investfamily eher $PTON 😉

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TheMaverick@TheMaverick

1Lun

It reminds me a lot of Tatooed Chef $TTCFQ

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The W.@thewolfofallstreetz

1Lun

@TheMaverick Yeah, seems they filed for bankruptcy... That's why I am careful with unproven business models and unprofitable companies.

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Kai@Dividenden-Sammler

1Lun

was also once a hype company....

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The W.@thewolfofallstreetz

1Lun

@Dividenden-Sammler Absolutely, just a brutal chart...

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Sceptical_Noob@Sceptical_Noob

1Lun

I remember it very well, I think I bought something in 2020, then sold in 2021 or 2022. Gee, I didn't think it was in this situation.

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The W.@thewolfofallstreetz

1Lun

@Sceptical_Noob Seems you sold at the right time ;- )

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Sceptical_Noob@Sceptical_Noob

1Lun

@thewolfofallstreetz Just luck

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federalreserve@federalreserve

1Lun

Yes, around Covid it was just annoying, constantly positive news and nothing came of it😅😂

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K@TechNav

1Lun

Here you can see how much air there is in speculation compared to the actual figures.

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The W.@thewolfofallstreetz

1Lun

@TechNav Have never generated positive operating cash flow, that says it all.

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Silas W.@DynasticGrind

1Lun

*Beat drop* Yo, fellas, ya remember beyond meat? -once king o 'da street, now on a pink sheet! So, dudes watch yo feet, don't march to their beat, cause you can lose some money gamblin' onna Wall street! *Skrrr*

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Thoranos@Thoranos

1Lun

Bought sometime for fun in 2020 at the low and sold a few months later with a big plus. Then never touched again.

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The W.@thewolfofallstreetz

1Lun

@Thoranos Fortunately!

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Soprano@Soprano

1Lun

Who could have guessed that subterranean tasting food is not a good business model?

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The W.@thewolfofallstreetz

1Lun

@Soprano At the beginning, many thought it was pretty good, otherwise sales would not have grown so strongly. But the company has never managed to generate positive cash flows and now sales are collapsing... That's why I usually stay away from unprofitable companies.

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Soprano@Soprano

1Lun

@thewolfofallstreetz Everyone tried it once (including me) because they were curious, then realized that it tasted absolutely crap and didn't buy it again.

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