“Like a lot of people, I went through phases,” explains Jarvis Cocker, when asked about his first reaction to the closures and quarantining which occurred in the outbreak of COVID-19.
Yesterday, the major indexes rose; the bounce continues. But it won’t save the disruptors. They’re getting disrupted anyway. Bankman is bankrupt. Carvana crashed when used car prices went back to normal. Zillow, the real estate database, was wrecked when its algorithm failed to notice mortgage rates heading back to normal. Meme stocks like GameStop are being un-memed. And Beyond Meat the turkey’s great hope is almost beyond hope.
Author Bio
Rhian Hunt grew up in a crowded Connecticut suburb before moving to Wisconsin, where he enjoys being an outdoorsman, relishing the struggle against mountainous snowfalls during the eternal-seeming winters and aerial armadas of mosquitoes over the summer. Rhian studied Business Economics and Microeconomics at the University of Wisconsin. A lifelong interest in writing led to first professional freelancing, then becoming a Motley Fool author.
At first glance, plant-based meat substitute maker
Beyond Meat (NASDAQ:BYND) and alcoholic beverage titan
Anheuser-Busch InBev (NYSE:BUD) don t have much in common other than being consumer discretionary stocks. However, both have strong ties to the restaurant industry, a sector racked by major coronavirus-related changes and shutdowns during the past year.