To top off this glorious performance by our SLT…today the founders of Poppi launched a product directly targeting Gatorade. They’re laughing all the way to the bank while flipping Pepsi the bird. Truly amazing Pepsi bought Poppi from them for most $2B but didn’t think to add a clause in the purchase to prohibit them from launching another product directly in competition with another Pepsi product?!?!?! If this isn’t cause for the whole lot of SLT to be replaced, what next hairbrained move will they make to nail the final nails in the coffin??? (Project. Mustang, Poppi and now the Jetty Hydration debacle.) I can’t make this sh-t up - truly remiss!!!!
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Correction: there is cash flow to pay bonuses and raises. They just chose not to.
@a5 The Poppi founders made over a billion dollars from PepsiCo (us). Over a billion!
@a7 he has a history of bad deals
How ironic that we basically funded a competitor. But that’s what we get for such a ridiculous acquisition. $2b for a gimmick drink 😑
Don’t worry, when they threaten Gatorade sales, I’m sure we’ll just acquire them for another $2bn. Oh wait, we don’t even have cash flows to pay bonuses or raises. Surely we don’t have cash flows to make another terrible purchase 🙄
Dud it's a totally different category and get this...they are using THICKER medical grade plastic in their bottles to prevent gas seepage. BRILLIANT! Sc--w the environment ;-)
Excited for them, they are innovating while PepsiCo keeps repeating prior mistakes.
Totally different category. Thousands are beverages try to make it big. This is no different and no cause to have much of a reaction.
@a4 uhhhhh- you’d think that language would be standard in a purchase such as this…it’s not impossible. Jeesh. -
No way Ramon isn’t a complete laughing stock in his circles
Is Poppi going to be impacted by layoffs?
The Poppi founders made terrible tasting gimmicks.
One company cannot stop another company from developing a competing product. They did not create another Poppi, they created another type of electrolyte beverage.