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| Topic | Red Lobster finally goes bankrupt due to endless shrimp |
| adjl 04/18/24 10:48:29 AM #32: | argonautweakend posted...
I heard the real story is they got bought out by some venture capital firm with the goal of tanking it to somehow appease investors or make money(I am not knowledgeable about venture capitalists other than i was told I should try eating one some day) I could believe it was either a short-selling scheme or a matter of tanking the value to sell stocks cheaply to a group of investors who would then make bank when the business re-opened. Both are ostensibly illegal, since that qualifies as insider trading, but "illegal" is more of a gentle suggestion in the investment world than anything with real consequences attached to it. --- This is my signature. It exists to keep people from skipping the last line of my posts. ... Copied to Clipboard! |
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