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Even Kim Kardashian Couldn’t Stop Beyond Meat’s Stock Crash

  • Shares are down 90% from their post-IPO peak amid slow sales
  • Stock is trading below IPO price after pact with influencer
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CEO Ethan Brown Wants to Take Us Beyond Meat

There have been any number of IPO blowups in this year’s brutal equity rout but few as spectacular as Beyond Meat Inc. 

The faux-meat purveyor tumbled as much as 10% on Tuesday after enlisting Kim Kardashian to help spark a turnaround in its performance. The shares rebounded a bit on Wednesday, but the stock is still down 64% for the year and 90% from the $234 peak it reached in the dizzying, go-go days that followed its initial public offering in 2019.