this post was submitted on 02 Nov 2023
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Stock Options

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Whoresradish
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BYND just had a great rally for a dumpster fire. (self.stockoptions)
submitted 1 year ago by Whoresradish to c/stockoptions
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Company goes up almost 20% after laying off 8% of its employees to save $10 million dollars when it it is losing $40 million a quarter. I not sure what the market was drinking today, but definitely getting more puts on this one.

https://news.bloomberglaw.com/bankruptcy-law/beyond-meat-slashes-revenue-view-again-will-cut-8-of-jobs

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