Birdwatch Note Rating
2024-05-23 11:49:36 UTC - NOT_HELPFUL
Rated by Participant: 007F13027BEE037EEF5573FAF5E6E626162BFCB8104F4EC6D9ED1A363978C2C1
Participant Details
Original Note:
No, Red Lobster is not going bankrupt due to a hedge fund trying to steal their land. In its bankruptcy filing, RL conceded it had “a bloated and underperforming restaurant footprint” and cited a difficult economic environment and increased competition for its failures. https://www.cnn.com/2024/05/20/investing/red-lobster-restaurants-bankruptcy/index.html
All Note Details