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

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



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. But Brown said he expects competition and the company is prepared for it.




Read more on Business Insider.




Beyond Meat CEO Ethan Brown, the fifth-largest holder of the company's stock, said he won't be selling shares anytime soon following Monday's sharp sell-off.
"Why would I? I'm entirely focused on the long term," Brown told Bloomberg reporters Deena Shanker and Tatiana Darie on Tuesday.
Brown also said he believes the plant-based-meat maker can be a $40 billion global protein company.
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