After US Retailer Bad Bath and Beyond declared bankruptcy and stock price dropped to $.20, BBBY company executives stated they see the future for the company as a Meme Coin. (Satire)
2 min read
Bed Bath and Beyond first opened in 1971 and quickly became a household name. However the company recently had to file for bankruptcy with plans to sell off their remaining assets. When asked what the company planned to do moving forward, Sue Gove CEO of BBBY stated, they planned on transitioning to the digital financial market. Specifically they were looking to launch a BBBY MemeCoin on Solana. Full statement below.
“Bed Bath and Beyond (BBBY) has been part of your family for over 50 years. We hold a special place in the hearts of our clients, customers, investors and employees. With unparalleled brand name recognition BBBY will begin transitioning to the digital financial market, to that extent we will be partnering with Solana to launch what is known in that industry as a MemeCoin.
Unlike the traditional retail market, BBBY does not need to hold any physical assets to be a successful Memecoin. We additionally don’t need to offer any products or have any real utility. We simply need brand recognition. With this being an obvious transition for BBBY, we plan on being part of your family for another 50 years.”
Solana was quick to respond, with the following tweet.
Wall Street Bet Degens who lost big on their 2022 BBBY bet stated they were happy in this direction change and they were looking forward to supporting their favorite brand in this new transition.
With Meme Coins being all the rage in crypto, I think this was the right time to make the announcement for BBBY and I look forward to following updates on their transition into the Crypto World.
submitted by /u/GabeSter
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