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[Middle Column] Bad News for Al Gore’s Quest to Be the First Fake Meat Billionaire: Beyond Meat stock falls after conclusion of McDonald’s McPlant test

CNBC: Beyond’s stock has fallen 53% this year, dragging its market value down to $2.06 billion. Wall Street has become skeptical over the company’s long-term growth opportunities as grocery sales lag. Moreover, buzzy partnerships with restaurant giants like Pizza Hut owner Yum Brands and McDonald’s haven’t progressed to many permanent nationwide menu offerings yet.

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Flashback 2020: Al Gore’s Quest to Be the First Fake Meat Billionaire - Gore’s climate groups invested $200 million in Beyond Meat - Gore is a partner and adviser to Kleiner Perkins, an investment firm that is the single largest investor in Beyond Meat.

Published:7/30/2022 7:05:01 AM
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