Vegan burger start-up makes Wall Street debut, doubling share price - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

Backed by Hollywood star Leonardo DiCaprio and Microsoft founder Bill Gates, the California-based firm had valued itself at about $1.5 billion at opening on the Nasdaq exchange.

Its public offering comes a month after its Silicon-valley rival Impossible linked up with Burger King to offer a plant-based version of its signature Whopper.Beyond Meat’s early trading success is further proof of the mainstream appeal of plant-based foods, according to Bruce Friedrich, director of the Good Food Institute, an organization promoting alternatives to animal products.

Eating a plant-based protein would “help address concerns related to human health, climate change, resource conservation and animal welfare” as it seeks to compete with the $1.4 trillion global meat industry, it adds. “We have a history of losses, and we may be unable to achieve or sustain profitability,” the firm cautioned in its filing with the Securities and Exchange Commission.

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Uber drivers may each get up to R570,000 tomorrow as the company celebrates its Wall Street listingUber drivers may each get up to R570,000 tomorrow as the company celebrates its Wall Street listing | BISouthAfrica BISouthAfrica And tomorrow the taxi drivers will also ask their piece of the pie. As if uber drivers in SA dont have enough pressure. BISouthAfrica Can I be an Uber driver before midnight? BISouthAfrica This would be wonderful if it's true. Hard working honest good drivers. Uber has taken so many drunk drivers off the roads and delivered them home safely
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