News Formal

Beyond Meat's CEO isn't selling any of his shares anytime soon — and thinks the company could grow to be worth $40 billion

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

Italia Notizia Notizia

Italia Ultime Notizie,Italia Notizie

'Why would I? I'm entirely focused on the long term,' Beyond Meat CEO Ethan Brown told Bloomberg news in an interview Tuesday.

Beyond Meat CEO Ethan Brown told Bloomberg news that he's focused on the long term and isn't selling his shares anytime soon after their recent sell-off. The stock rose as much as 8% Wednesday, following a 24% single-day plunge spurred by the expiration of the company's post-initial public offering lockup period. Investors concerns that increased competition will constrict Beyond's future growth have also depressed shares.

Beyond Meat CEO Ethan Brown told Bloomberg news that he's focused on the long term and isn't selling his shares anytime soon after their recent sell-off. The stock rose as much as 8% Wednesday, following a 24% single-day plunge spurred by the expiration of the company's post-initial public offering lockup period. Investors concerns that increased competition will constrict Beyond's future growth have also depressed shares.

 

Grazie per il tuo commento. Il tuo commento verrà pubblicato dopo essere stato esaminato.

Ipo maxout July 26, 2019 at 239. Now 90.

Time to get a new CEO

fad

Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:

 /  🏆 729. in İT

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

CEO defends Beyond Meat as shares tank: 'My focus is entirely on growing this business''People have asked me, 'Do you want to do a partnership with a larger company?' I have no interest in that. I want to be that larger company,' Beyond Meat's Ethan Brown says. Could be that the product just tastes like dogshit How many shares is he selling today? Here to invest 😉
Fonte: CNBC - 🏆 12. / 72 Leggi di più »

Uber's lockup expiration could 'hobble the entire market' even more than Beyond Meat, Jim Cramer warnsCNBC's Jim Cramer warns of a 'very rude awakening' as a deluge of equity supply comes to market with little investor appetite. There’s got to be a “financial engineer” out there that can arrange a financing to buy all the stock back. It seems to work for established companies. 😎. C’mon Squid. Step up! Tell us how, not a hunch! UBER has .26% of float in index funds. BYND is .8% hardly enough to make a blip. Maybe mutual funds, biggest position in any fund is less than 3%.
Fonte: CNBC - 🏆 12. / 72 Leggi di più »