Beyond Meat Compared To Tech Giants Like Facebook And Amazon As Shares Continue To Soar

Beyond Meat Compared To Tech Giants Like Facebook And Amazon As Shares Continue To Soar

By

1 Minutes Read

The company's shares have risen by nearly 60% this year (Photo: Beyond Meat) - Media Credit:
Your ad here?

Advertisement

Plant-based startup Beyond Meat has been compared to tech giants such as Facebook and Amazon by TV personality and Mad Money host Jim Cramer.

Despite the coronavirus (Covid-19) pandemic, Beyond Meat’s shares have continued to soar – increasing by nearly 60 percent this year.

ON CNBC’s Squawk On the Street, Cramer praised Beyond Meats and defended criticism of its product not being healthy, claiming that going against the brand is ‘going against history’.

‘Dangerous shorts’

“It’s all going Beyond Meat’s way. And what is Beyond Meat doing? They’re cutting price,” he said.

“So the price of meat is going to go up for the regular meat, and the protein that skips the whole meat chapter is going to do well. Beyond Meat is one of the most dangerous shorts in this market.”

‘Start eating plant-based’

Cramer also said that while Beyond Meat is ‘still a very small company… so was Amazon, so was Facebook, [and] so was Alphabet’ – conglomerates that are mega-cap tech stocks (companies with a market cap of at least $200 billion.)

The presenter added that wet markets are perhaps ‘part of the problem with the food chain’, concluding: “I think the pandemic is saying start eating plant-based.”

You can watch the interview here

Your ad here?

Advertisement

Support Plant Based News in our mission to plant 1 million trees by 2030. 🌳

Your donation supports our mission to bring you vital, up-to-the-minute plant-based news and research and contributes to our goal of planting 1 million trees by 2030. Every contribution combats deforestation and promotes a sustainable future. Together, we can make a difference – for our planet, health, and future generations.

© 2021 Plant Based News is a UK-based digital media outlet publishing content about veganism and plant-based living, including news and current events, health, personal transformation stories, features, and recipes. | Plant Based News Ltd, PO Box 71173, London, SE20 9DQ, United Kingdom.

buttons/scroll-to-top/scroll-to-top-small-active