Birdwatch Note Rating
2024-05-24 21:30:18 UTC - HELPFUL
Rated by Participant: 1937ACC7382DCFEDBD359781A1B3978C5F12225D4AF1A6228B40F6B010CD6960
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