Beyond Meat, Net Income... Q2 2019: -$9.4 million Q1 2019: -$6.6 million Q4 2018: -$7.4 million Q3 2018: -$9.3 million Q2 2018: -$7.4 million Q1 2018: -$5.7 million Q4 2017: -$7.0 million
Hu Hu Hu.
Beyond meat market capitalization (14B) places it above 30% of S&P500 companies. Not overvalued at all. Scaaaaam. What idiots bought? Robinbros?
Beyond Ponzi just announced a secondary share offering of 3.45 million shares.
I wonder what could go wrong?
The GoPro experience (another CNBC favorite):
Reminds me of ripple also (aaaand another CNBC favorite), with founders (also early adopters still up 10,000% with the price down more than 90% from ath) just dumping since their ponzi made them billionaires.
I am eager to see the clowns that joyfully and aggressively bought get slapped in the face and learn a harsh lesson about reality.
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