How Beyond Meat and the plant-based meat industry lost their allure
1. Beyond Meat's IPO in 2019 started strong with booming sales. 2. Plant-based meat sales peaked at $1.3 billion in 2020, a 46% increase. 3. Declining sales and layoffs have drastically affected Beyond Meat's market position. 4. Stock price has plummeted from $239 in 2019 to around $3 today. 5. Industry expectations have failed to materialize, hindering future growth potential.