Fake Meat Industry Implodes After Years Of Hype

'We feel good about our growth'

COO of vegan food company Beyond Meat arrested for CHOMPING down on man's face



A top executive at Beyond Meat, a plant-based food company, was arrested for reportedly biting a man’s nose in a parking garage near Razorback Stadium in Fayetteville, Arkansas, last weekend.

Chief Operating Officer Doug Ramsey faces charges of terroristic threatening and third-degree battery after allegedly chomping down on a man's face and "ripping the flesh on the tip of the nose" during an altercation following the University of Arkansas football team’s victory over Missouri State.

According to reports, Ramsey was attempting to leave the parking garage in his Ford Bronco when a Subaru “inched his way” in front of him and made contact with his front passenger’s side tire. Ramsey allegedly “punched through the back windshield of the Subaru” before attacking the Subaru driver with both fists and teeth.

Ramsey “pulled [the Subaru driver] in close and started punching his body,” then “bit the owner’s nose, ripping the flesh on the tip of the nose,” according to reports.

The irony of a vegan food executive trying to make a meal of a human being's face was not missed by those jokesters on Twitter.

\u201cWhen you finally get sick of eating plant based meat: \n https://t.co/qOK2OZzqYt\u201d
— High Yield Harry (@High Yield Harry) 1663620263
\u201cI don\u2019t think I\u2019ve heard of anything more ironic than the COO of Beyond Meat attempting to bite a man\u2019s nose off.\u201d
— Samantha Marika (@Samantha Marika) 1663632407
\u201cNo one: \n\nCEO of Beyond Meat:\u201d
— wizard. (@wizard.) 1663626954
\u201cI was gonna joke that doesn\u2019t count as \u201cbeyond meat\u201d but it was\u2026 a bit on the nose\u201d
— Arlen Parsa (@Arlen Parsa) 1663675327
\u201cAll of us when we see why Beyond Meat is trending:\u201d
— Pizza Dad (@Pizza Dad) 1663626808
\u201cCOO Beyond Meat says it tastes like chicken \nbut smells like nose\u201d
— Apologetic Canadian (@Apologetic Canadian) 1663655283

BlazeTV host Stu Burguiere is a vegetarian and also just happens to be the executive producer of the Glenn Beck radio program. Glenn joined "Stu Does America" to do a taste test of the plant-based "McPlant" burger, a Beyond Meat product, to see how it fares against the competition. In case you missed it, this was without a doubt the most ridiculous (but hilarious) plant-based food review so far.

Watch the video clip below. Can't watch? Download the podcast here.


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Consumers beyond done with Beyond Meat? Vegan food company's stock tanks, trial with McDonald's flops



It seems that consumers may have lost their appetite for the plant-based meat substitute company Beyond Meat. Its recent trial with McDonald's has McFlopped, and future stock projections may leave investors feeling queasy.

Beyond Meat, which went public in 2019, has had yet another high-profile partnership yield disappointing results. The company signed a three-year global distribution agreement with fast-food giant McDonald's back in 2021. McDonald's then quickly added the "McPlant burger," with a Beyond Meat vegan patty as its base ingredient, to its menu.

But customers didn't bite, and many now project that most McDonald's restaurants will soon stop offering it. According to JPMorgan Chase & Co. analyst Ken Goldman, who spoke with employees at 25 different McDonald's locations, most stores cite poor sales as the reason for discontinuing the McPlant.

"Not surprisingly, the reason sometimes being cited is that the product did not sell well enough," Goldman wrote. He also stated that the McPlant burger was all but "McDone" in the United States.

And McDonald's isn't the only global fast-food chain to have soured on Beyond Meat. The Washington Times reports that its trials with Panda Express, Dunkin', Hardee's, A&W, and Yum! Brands — which owns KFC, Taco Bell, and Pizza Hut — all basically failed. Each of those enterprises either discontinued its Beyond Meat menu items or opted against a second launch.

Investors are similarly bearish about Beyond Meat's financial prospects. Beyond Meat (BYND) stock prices have tumbled 50 percent so far this year, and they fell about 50 percent in 2021 as well. The Trefis Team at Forbes has predicted that stock prices will fall again after Beyond Meat issues its second-quarter report sometime on Thursday.

"We expect BYND’s stock to trade lower due to revenues and earnings missing expectations in its second-quarter results," Trefis wrote. "Down almost 50% this year from $65 to $33, BYND’s stock price fall is one of the reasons why many investors are betting against this company."

"To add to this, a lack of profit guidance has some investors concerned that there could be more suffering in store for the bottom line in the upcoming Q2," Trefis added.

Trefis did also note that the company does have cash on hand, so "it can still afford a couple of more quarters like this one" since some of the current challenges "might be short-lived."

But Beyond Meat has taken pro-active measures and trimmed some of the fat from its staffing overhead, cutting 40 jobs on Wednesday. It is not known whether further job cuts are expected this year.