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Beyond Meat (BYND) is a Shitcoin! 😆damus.io/nevent1qqs8dzhsg6n6yxf54653mzg0en2vspyvpv8uxyktsyhn3cf0hcps6hqya6hxf
341 sats \ 17 comments \ @BlokchainB 14 Mar Stacker_Stocks
I find this funny. I remember Jermey from YouTube finance world made a compelling argument on why this company was going to be a growth beast. Partnerships with McDonald’s and Burger King. Getting freezer space in Target. It was a can’t miss stock.
I never bought his argument. Having tried their products I wasn’t impressed by it. Besides of the good feels you might get for not eating animals the taste, the cost, and the nutritional benefits were all worse than real meat.
I’m not sure when Jermey sold out of the stock but goes to show you have a much better chance protecting your savings and purchasing power by just buying bitcoin then taking a risk on a growth concept like fake meat.
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190 sats \ 1 reply \ @StillStackinAfterAllTheseYears 14 Mar
Never understood the appeal. Like, yeah, it tasted mostly like real meat, but there was nothing better about it (including environmental impact). And the vegetarians I knew -- especially ones who grew up not eating meat (or a specific kind of meat, in the case of an Indian co-worker who didn't eat beef), they'd rather have a veggie burger that tasted like beans/veggies than beef, since they didn't care about that flavor.
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225 sats \ 0 replies \ @Undisciplined 14 Mar
So, the dimension it's better on is pretty straightforward: Animals aren't killed for it.
Who products like this are for, though, is more interesting than most people think. Like you say, most vegetarians don't eat this stuff regularly.
In my experience, these primarily serve two groups:
  1. new vegetarians, who are struggling to figure out what they can eat
  2. normal people hosting vegetarians, who have no idea what to cook
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140 sats \ 3 replies \ @SimpleStacker 14 Mar
I fell for it and bought some of their stock when it was trendy to do so.
FOr a while I could have sold at a nice profit but held on too long and was forced to sell at a loss.
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30 sats \ 2 replies \ @BlokchainB OP 14 Mar
Ahh yes that’s the market
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56 sats \ 1 reply \ @SimpleStacker 14 Mar
Yep, such is life... such is life
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0 sats \ 0 replies \ @BlokchainB OP 14 Mar
Yes indeed
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103 sats \ 5 replies \ @grayruby 14 Mar
Remember when everyone was hyping Blue Apron as the next big thing as well. I put Beyond and Blue Apron in the same category
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40 sats \ 4 replies \ @BlokchainB OP 14 Mar
I was a big blue apron fan lol
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54 sats \ 3 replies \ @grayruby 14 Mar
The product or the stock?
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60 sats \ 2 replies \ @BlokchainB OP 14 Mar
Product. I used them before they went public
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113 sats \ 1 reply \ @Bell_curve 14 Mar
I knew blue apron was toast when my next door neighbor stopped using them
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10 sats \ 0 replies \ @grayruby 14 Mar
Never used any of those meal kit services.
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85 sats \ 2 replies \ @Undisciplined 14 Mar
Their real problem is that Impossible tastes much better and isn't particularly worse on those other dimensions.
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132 sats \ 1 reply \ @sox 14 Mar
Agree, Impossible lives up to their name because it's not possible for competitors to match their taste.
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141 sats \ 0 replies \ @Bell_curve 14 Mar
I forgot about Impossible
anything is possible
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82 sats \ 0 replies \ @BitcoinIsTheFuture 14 Mar
This is great! Meat nourishes humans foot centuries and will continue
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57 sats \ 0 replies \ @flat24 14 Mar
Everything is a Shitcoin. đŸ’ȘđŸ€ đŸŠâšĄ
The only real "Asset/Money" is Bitcoin
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