Birdwatch Note Rating
2024-05-24 13:11:51 UTC - HELPFUL
Rated by Participant: 738CB6D2ACB719FA92A2F3AE10C0410F626BA4E0B9E51D56697EFA0CAB9900C8
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