A consumer thread

Just a heads up. Be warned:


Fake food company Beyond Meat, once endlessly promoted by globalist corporate media trying to convince the nation that cow farts are bad and fake meat is good, has been locked in a near five-year bear market. It seems that Redditors and the company's press release are squeezing shares higher. However, a recent debt swap for equity will substantially dilute shareholders. We've seen this story before, and it never ends well.

News this morning that Beyond Meat plans to expand its fake food products to over 2,000 Walmart stores nationwide sent shares up 60% in premarket trading. The surge is likely due to a combination of the Reddit army of day traders catching on that hedge funds have been heavily shorting the stock.
Beyond Meat's latest short interest data show that 54% of the company's publicly available shares are short, or about 39.59 million shares. Based on the average daily volume of around 9 million shares traded per day, it would take 4.44 days for shorts to cover.

Meanwhile, day traders on Reddit's WallStreetBets page are all about BYND...

Reddit Army Squeezes Beyond Meat A Week After Debt-Swap Dilution Deal
 
The simple reality is that the end game of automation is near-100% unemployment, and a society that's based upon something other than work-for-profit/survival. And the time for that is getting nearer, as this demonstrates:


Amazon is reportedly looking to automate a significant portion of its operations, which could allow the company to avoid hiring over 600,000 U.S. workers by 2033. The leaked internal documents reveal that Amazon aims to automate 75 percent of its operations, potentially saving $12.6 billion between 2025 and 2027.

The company’s robotics team is reportedly working to replace 160,000 U.S. roles by 2027, saving approximately 30 cents on every item warehoused and delivered. The documents also indicate that Amazon expects to double its product sales over the same period.
In anticipation of backlash, Amazon has reportedly explored ways to soften its public image, including participation in community projects and avoiding the use of terms like “automation” or “AI.” Instead, the company has considered using phrases such as “advanced technology” and “cobot” to describe its robots working alongside humans.

Amazon responded publicly to the leak, claiming the documents were incomplete and do not fully represent its hiring strategy. The company also denied instructing executives to avoid certain terminology when discussing robotics...

Amazon Plans to Automate 600,000 Jobs, Leaked Documents Reveal
 
Back
Top