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10/18/2024
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By Cassie B.
Desperate lab-grown meat industry claims it needs government subsidies to survive
Lab-grown meat is proving to be a spectacular failure, and producers are becoming so desperate that many are pushing for a public subsidy to stay afloat. Preliminary data from the venture capital firm AgFunder shows that funding in the lab meats sector fell by 78% in 2023 to reach $177 million, down from $807 million […]
11/10/2023
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By Ramon Tomey
Beyond Meat struggles to address declining sales – people will always choose REAL over FAKE
Fake meat company Beyond Meat fell short of market expectations for its quarterly revenue, posting losses bigger than market estimates during a Nov. 8 post-earnings call. Executives from the El Segundo, California-based company said the percentage of people in the U.S. who believe plant-based meats are healthy is likely to have dropped further this year. […]
10/05/2022
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By Ethan Huff
Another “plant-based” fake meat company, Planterra, bites the dust
Planterra, the United States-based “plant-based” meat arm of meat giant JBS, has announced a total shutdown later this year amid plummeting demand for fake meat. The company issued a notice late last week to the Colorado Department of Labor and Employment that the brand’s corporate headquarters and manufacturing facility will be shut down completely by […]
08/03/2022
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By Arsenio Toledo
More high-income Americans are shopping at discount stores due to unrelenting inflation
The inflation crisis gripping the United States has become so devastating that even Americans in higher income brackets are heading to discount stores to save on groceries. According to the Consumer Price Index of the Bureau of Labor Statistics (BLS), the index figures for June gauging how much eating at home costs has risen by 12.2 percent […]
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