Who remembers Beyond Meat

John@Doe

1Mo

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

1Mo

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

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byebyebayern@byebyebayern

1Mo

@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

1Mo

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

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The W.@thewolfofallstreetz

1Mo

@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

1Mo

@Investfamily Compare Palantir with beyond meat 🥸

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Hendan@Hendan

1Mo

How can you compare Palantir to this?

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mami_goes_boerse@mami_goes_boerse

1Mo

Isn't Oatly such a case too 🤔

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Investfamily@Investfamily

1Mo

@Sansebastian it's all about the hype factor!

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Sansebastian@Sansebastian

1Mo

@Investfamily eher $PTON 😉

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TheMaverick@TheMaverick

1Mo

It reminds me a lot of Tatooed Chef $TTCFQ

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The W.@thewolfofallstreetz

1Mo

@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

1Mo

was also once a hype company....

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The W.@thewolfofallstreetz

1Mo

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

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Sceptical_Noob@Sceptical_Noob

1Mo

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

1Mo

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

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Sceptical_Noob@Sceptical_Noob

1Mo

@thewolfofallstreetz Just luck

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federalreserve@federalreserve

1Mo

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

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K@TechNav

1Mo

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

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The W.@thewolfofallstreetz

1Mo

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

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Silas W.@DynasticGrind

1Mo

*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

1Mo

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

1Mo

@Thoranos Fortunately!

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Soprano@Soprano

1Mo

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

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The W.@thewolfofallstreetz

1Mo

@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

1Mo

@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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