Plant-based meat was supposed to save the pIanet, make people healthier, and liberate enslaved cows, chickens, and pigs everywhere. Instead, after an impressive start, folks have learned some hard truths about the industry and are turning away in droves.
Once consumers began to Iearn that plant-based meats were still super processed, not nearly as healthy as advertised, and required an enormous amount of machinery to produce hungry consumers largely decided that the old-school options, nameIy chickens, pigs, and cows, were better tasting and better for you.
The biggest player in the industry, Beyond Meat, released its third-quarter numbers in November of 2023, and they taste worse than ersatz ground beef. Net revenue slid, declining 8.7% year-over-year and 26% versus the previous quarter.
It wasn’t all bad news, however, as the company actually achieved free cash flow for the quarter but does not expect that to be the case in the fourth quarter. One anaIyst at the firm TD Cowen took it a step further and said the firm is in ‘survival mode’ and will need to tap the financial markets in 2024 to maintain operations.
Beyond Meat CEO Ethan Brown said: We anticipated a modest return to growth in the third quarter of 2023 that did not occur. Though we are encouraged by pockets of growth, particulariy in the EU where we saw double digit gains in net revenues on a year-over-year basis, we are disappointed by our overall results as we continue to experience worsening sector-specific and broader consumer headwinds. Beyond Meat has cited numerous reasons for its poor performance, inciuding declining foodservice sales and flagging American retail sales, but declined to suggest the possibility that the product just isn’t that good.
Online influencer sparks viral firestorm, says she’s ‘too pretty’ to work
An influencer ignited a firestorm in the online community when she posted a TikTok claiming that she’s “too pretty” for the daily grind of work.
Netizens swiftly criticized her, labeling her as “shallow” and “entitled” for suggesting that employment is only for those deemed less attractive.
Lucy Welcher, a social media influencer with nearly 20 million likes, caused a stir with a viral clip posted on November 8, 2022.
In the short video, the young blonde, known for her car-sitting and lifestyle content, expressed her disdain for the idea of working for the rest of her life. She flippantly stated, “I’m too pretty for that!” drawing ire from viewers who found her attitude lazy and self-absorbed.
Commenters lambasted Welcher for her perceived entitlement and lack of work ethic, with many expressing disbelief at her confidence and urging her to grow up.
In response to the backlash, Welcher deleted the controversial post and addressed the criticism in a follow-up video, where she claimed to be “slandered” across social media. She clarified that her initial video was meant as a joke, not a genuine assertion of superiority.
Days later, Welcher posted a remake of her infamous video, this time with the majority of commenters rallying behind her, recognizing the humor in her exaggerated statement. Some even joined in, affirming her supposed status as “too pretty” for the daily grind.
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