Red Lobster Mulling Bankruptcy, X Users Are Panicking
Red Lobster Reportedly Mulling Filing For Bankruptcy, X Users Worry About Losing Cheddar Bay Biscuits - Page 3
Source: Roberto Machado Noa / Getty / Red Lobster
Per TMZ:
There’s also this tidbit that some are resurfacing amid this news — namely, the fact that Red Lobster’s recent endless shrimp reportedly hurt their bottom line quite badly … only for them to pivot to endless lobster after reporting a $12.5 million operating loss in ’23’s 4th quarter.
Even before the $12 mil hit … Red Lobster was bleeding cash, with reports saying they’d suffered a $19 million loss through the first 9 months of ’23… attributed to the pandemic, among other issues. Some minority owners in the biz have also started to jump ship.
For those who know about running a business and financial issues, filing for Chapter 11 bankruptcy does not mean the end for the restaurant that Beyoncé at once had popping cause she sang, “When he fuck me good, I take his ass to Red Lobster.” Despite knowing that, the reactions to Red Lobster possibly filing for bankruptcy are flowing like butter you pour on your lobster tails, and they are hilarious. One user hilariously wrote on X, formerly Twitter, “they still got them unlimited crab legs cause if so I’ll go tomorrow.” “oh lawd somebody save the biscuits,” another person wrote in response to the news of Red Lobster considering chapter 11 bankruptcy. “How did we let this happen???? Y’all too bougie for Red Lobstas?!?,” another post on X read. We don’t think Red Lobster is going anywhere, but we are always here for funny reactions. You can see those in the gallery below.
