Economics

i know there's drama now with memecoins, but i need people here to know that Red Lobster has ran themselves into bankruptcy because of their "Ultimate Endless Shrimp" deal

i know there's drama now with memecoins, but i need people here to know that Red Lobster has ran themselves into bankruptcy because of their "Ultimate Endless Shrimp" deal

https://www.tastingtable.com/1566794/red-lobster-unpaid-bills/

👨‍💻 /uno and /outside, @unofficial

The only future is a decentralized one • Writer, creator, farmacopeian • Content for Liquid Collective at Alluvial • Formerly Bison Trails, Coinbase, Goldfinch 

‘Endless shrimp, endless losses’
award this journalist the Nobel

Dying to know more. I live in a fishing econ so it makes innate sense that seafood ≠ bottomless pricing, the way beef, chix or soy can race to the bottom on agroindustrial scale.

& RL is bottom.

I’d love to see trending #s here beyond shrimps!

yeah it's quixotic that the promotion could exist year around haha. i grew up in a beach town too and so funny to see Red Lobster unable to compete with the local restaurants