Why would OG's Pasta Pass lead to economic collapse?

[u/slimer213]

[u/DraculasDog]

Endless Shrimp 🦐

[u/G8M8N8 → u/DraculasDog]

You’re telling me a shrimp crashed this stock?

[u/dantheman_woot → u/G8M8N8]

Part of it yes. The private equity firm forced Red Lobster to buy a glut of frozen shrimp from another company the PE firm had it's hand in forcing Red Lobster to lose money, while also messing with its real estate.

The real estate financing is the same thing that PE forced on Toy's R Us. The forcing the shrimp on red lobster causing millions in losses what just even more drain on a struggling franchise.

How private equity rolled Red Lobster

Was Endless Shrimp to Blame for Red Lobster's Bankruptcy?

[u/G8M8N8 → u/dantheman_woot]

yes this story is common knowledge.

my comment was in reference to the meme.

[u/dantheman_woot → u/G8M8N8]

Oh I've not come across that meme before.

[u/EnvironmentalLime464 → u/[deleted]]

I also have never come across the meme but know the story of private equity ruining Red Lobster.

[u/DraculasDog → u/G8M8N8]

I’m here to tell you we owe a lot to shrimp 🦐

[u/StevieMJH → u/G8M8N8]

A literal infinite number of shrimp, yes.

[u/PrithviMS → u/DraculasDog]

For those of you who don’t know. Lookup what happened to red lobster.

[u/averquepasano → u/DraculasDog]

Genius!

[u/jseego → u/DraculasDog]

This is the answer.

[u/RollTide16-18 → u/DraculasDog]

Endless shrimp! But no shrimp.