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.
Monica Lewinsky Leaves Behind A Fortune That Makes Her Family Cry
Unexpectedly, Monica Lewinsky—who rose to fame as a result of her role in one of the most notorious political scandals in American history—has returned to the news. This time, the motivation is significantly more profound and intimate. It has been alleged that Monica Lewinsky left behind a significant fortune that has her family in tears.
In recent years, Lewinsky, who is currently in her 50s, has mainly avoided the spotlight in favor of her advocacy work, writing, and public speaking. Lewinsky had a turbulent history and endured intense public scrutiny, but she went on to have a great career and accumulate a sizable fortune. Her family is astonished and saddened by the revelation of her wealth that came to light after her recent passing.
Lewinsky did not have an easy time getting wealthy. She had a difficult time getting back on her feet following the incident, dealing with a lot of personal and professional obstacles. She was able to remake herself, nonetheless, because of her tenacity and resolve. After graduating from the London School of Economics with a master’s degree in social psychology, she went on to become a well-known author and speaker, tackling topics like public humiliation and cyberbullying.
Millions of people watched her TED Talk on the subject of public humiliation, which enhanced her standing as a formidable change agent. She also started working as a producer, contributing to films and projects that discussed her experiences as well as the wider effects of public humiliation in the digital era.
Even though Lewinsky was well-known in the public, she was surprisingly quiet about her financial situation. The entire size of her riches was not disclosed until her will was read. Through her numerous pursuits, such as television initiatives, speaking engagements, and book sales, Lewinsky had amassed a wealth. Her family has since received this windfall, which is reportedly worth several million dollars; nevertheless, they were not aware of the entire extent of her success.
Lewinsky’s family sent a statement expressing their sincere appreciation and grief. “Monica was a devoted sister and daughter, and we were daily inspired by her tenacity and fortitude. Her kindness and the impact she leaves behind astound us. We will never forget the good effects she had on so many lives and her contributions to society.
Lewinsky’s tale demonstrates her amazing capacity to change her life in face of overwhelming circumstances. Her financial legacy is evidence not only of her accomplishments but also of her dedication to providing for her family and changing the world for the better. Even if her death signifies the end of an era, her influence and the results of her labor will have a lasting effect.
Her family finds solace in the knowledge that Monica Lewinsky left behind a legacy of fortitude, empathy, and unwavering strength as they cope with their loss. Her life, which was filled with incredible highs and lows, is a potent reminder of the ability for human rebirth as well as the eternal value of compassion and advocacy.
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