Red Lobster Bankruptcy: Unlimited Shrimp And Conflicts Of Interest

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Thanks to invideo AI for sponsoring this video! Just go to invideo.io/i/WallStreetMillenial and use my code “WALLSTREETMILLENNIAL50” to get twice the number of video generation credits in your first month.
In this video we analyze the rise and fall of the seafood restaurant chain Red Lobster which recently declared bankruptcy.
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0:00 - 2:36 Intro
2:37 - 7:30 The rise of Red Lobster
7:31 - 10:01 Post-pandemic deterioration
10:02 Unlimited endless shrimp

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Опубликовано:

16 июл 2024

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Комментарии : 255

@wallstreetmillennial Месяц назад

@exentrikk Месяц назад

Is it just me or is this video a reupload?

@bascal133 Месяц назад

noooo we don't need more AI slop on the platform, it's like the fast fashion of videos.

@West3rror Месяц назад

@Wallstreetmillenial Ehat an insane bad sponsor🤦‍♂️😅 Sorry, but you really must be some special kind of dumb to promote crap like this🤦‍♂️ If you actually use this tool you just lost ALL of any respect you had. Even more silly is you promote the end od your own Job.. Really..? Damn, that's really dumb🤣🤣🤣

@ryaneylee Месяц назад

Social media platforms hosting user-generated content should ban these kinds of non-user-generated content and tools being used to generate artificial/spoofed content.

@christopherd.winnan8701 Месяц назад

What is the point in asking viewers to leave comments if you have no intention of reading or replying to them?

@norgeek Месяц назад

The irony of a RU-vid channel makibg a video about someone going bankrupt, while promoting a service that will definitely kill channels like that..

@dillonbussard9576 Месяц назад

This guy loves shilling horrible products in these vids

@rabidkoalaz Месяц назад

"Money"

@Derekzparty Месяц назад

Invideo is terrible. It simply searches through stock videos that are already out there and pastes a bunch of them in an order that vaguely syncs up to the dialogue you wrote using a very AI sounding voice. Nothing you couldn't do yourself with more precision in a similar amount of time.

@junyaiwase Месяц назад

Got sp0nsorblock never saw it el oh el

@HanazonoFiama Месяц назад

Need an explanation from @wallstreetmillennial

@synonys Месяц назад

If “Unlimited Shrimp” is code word for Private Equity Firm, then yes, Red Lobster was done in by “Unlimited Shrimp”

@cvrart Месяц назад

unlimited shrimp = unlimited losses. They should have mixed in some Ozempic into the dipping sauce.

@chanecialifecoach3070 Месяц назад

😂😂😂😂😂

@imaniblack Месяц назад

😂

@AndyBlackburnart Месяц назад

I couldn't finish the unlimited shrimp, you know when the last time it was that I couldn't eat unlimited shrimp?

@cvrart Месяц назад

@@AndyBlackburnart don''t worry, Red Lobster finished it for you, and now Red Lobster is finished. Now they have unlimited regrets.

@lucasglowacki4683 Месяц назад

I used to work there when I was 20, back in 1993. One thing I’ll say is they had the cleanest kitchen I ever worked in. And I worked in like 10 different restaurants.

@chanecialifecoach3070 Месяц назад

I work for Olive Garden for 12 years and they way they ran their restaurants was top tier. Never worked for a cleaner place while I was in the service industry!

@antimatter7629 Месяц назад

Good old American culture, making restaurants regret giving a buffet

@chanecialifecoach3070 Месяц назад

People are poor. When I worked for Olive Garden (and it was in an area with lots of farmers and generally low income area) When they would do never ending pasta bowl, no one left with anything less than 3 togo boxes 😔 But at least they were smart enough to make it limited time

@TQFMTradingStrategies Месяц назад

@@chanecialifecoach3070how do you lose money on pasta? You can get pasta for like less than a dollar a pound lol.

@Bash70 Месяц назад

The bankruptcy wasn't caused by the unlimited shrimp deal. The private equity firm that owns the chain purchased the restaurant through a leverage buyout and straddled the chain in debt and is now selling the assets for profit while using the unlimited shrimp deal as cover.

@notorioustori Месяц назад

Thank you!! The unlimited shrimp "fiasco" is a red herring. I was hoping this is where the video would lead. Disappointing.

@TheNaldiin Месяц назад

They had three shrimp suppliers, then dropped the two that didn't share owners with the restaurant. It looks a lot like they wanted to get every asset out fast before a bankruptcy gave their creditors a chance.

@method341 Месяц назад

how can they sell assets for profit when it's bankrupt?

@dylanjimenez1952 Месяц назад

the private equity owns the land and buildings now @@method341

@Bash70 Месяц назад

@@method341 Corporations are not like people. If you take out loans to buy a business and it goes bankrupt, you are on the hook. Corporations on the other hand are allowed to take out loans under the name of the very business they're BUYING. If the business goes under, the private equity firm that "purchased" the business is off the hook. When the assets of the failed business are sold, it goes to pay the creditors. But here's the twist, a portion of those "creditors" are other entities owned by the PE firm THEMSELVES. So not only are they debt-free, but they also profit from making the business go bankrupt.

@gibfkn Месяц назад

It's no mistake, the CEO ran the company into the ground with the all you can eat shrimp deal!

@tarekyared4404 Месяц назад

Private equity does it again. The Achilles Heel was giving up ownership in their own real estate. That devastated them during covid when traffic was extremely low, but they still had to pay rent.

@KOSMOinfinite Месяц назад

Bingo. They also could of attained very cheap debt against the RE they owned during covid as well. Private Equity plays the same song each time. For many of these old legacy type brands the RE is the only real assets of value they have and PE knows this.

@obsidianjane4413 Месяц назад

They got PPP loans and grants during COVID. That is why it shows rev.... err "normal" losses during 2021. So not owning properties wasn't a weakness, it just wasn't an advantage any longer.

@richhands5269 Месяц назад

My three favorite channels: Wall Street Millennial, Stock Brotha, & How Money Works. Make my week complete! 🔥 🔥 🔥

@gigachama Месяц назад

Red Lobster should've invested in indoor shrimp farming

@wmpx34 Месяц назад

Mmm, antibiotics 😋

@taiwowilliams1418 Месяц назад

I mean…wouldn’t the unlimited shrimp deal at least be for a limited time? Why let it go on for so long?

@CrossingRover Месяц назад

Because they are owned by a large seafood supplier who sells… shrimp. I think they were trying to extract some remaining value out of the company

@PsyrenXY Месяц назад

The parent company didn't care, they were basically throwing RL under the bus.

@wtfroflffs Месяц назад

The company loses millions of dollars every year since 2016, goes bust, then everyone blames it on free shrimp.

@letsburn00 Месяц назад

Its because this was caused by very wealthy people doing stuff that should be illegal and actually was during the period when the western economies did very well. This kind of "destroy a company and thousands of jobs to make $50" is messed up.

@Justin-mb4ql Месяц назад

FREE SHRIMP? WHEN DID THAT HAPPEN?

@kevinbarry71 Месяц назад

Private equity does it again. Amazing how leverage buyout firms were able to change their name to something less ominous sounding

@andyt1313 Месяц назад

Golly. Private equity had a hand in the demise of an iconic business. Never could have seen that coming.

@Entropy5 Месяц назад

The irony of your sponsor choice is not lost on us.

@wmpx34 Месяц назад

I swear at this point he’s just doing it to piss people off lol. I love it. No fucks given Anyone who’s getting bamboozled by sponsored ads on YT is a lost cause anyway. We should embrace our Ready Player One future!

@cheddarcheese Месяц назад

They should have done it like olive garden. Unlimited soup, but you need to finish your bowl before another one. Red Lobster should have done 5 shrimp and bowl of noodles for $20.

@awesomeblossom2417 Месяц назад

I had a lot of great memories at red lobster, but the last time I was there, it was really sad. There was no one there and our food took like 45 mins to come out. Service was also the worst.

@samsonsoturian6013 Месяц назад

InvideoAI sounds like they slapped a ChatGBT onto a cracked off-the-shelf video editor and are trying to pass it off as their own.

@alimaleki217 Месяц назад

Thai Union (major shrimp producer) forced Red Lobster to stop buying shrimp from other sources. Then they forced them to add all you can eat shrimp to their permanent menu despite objections from experienced Red Lobster employees. Red Lobster wasn’t doing great to begin with but Golden Gate Capital and Thai Union stabbed them in the back!

@nicholasgutierrez9940 Месяц назад

Still mad I developed an allergy to Shrimp in 2022. Just out of nowhere. It was one of my favorite foods. And then unlimited shrimp drops.

@thewokestoner8528 Месяц назад

You can blame Pfizer and moderna for that

@marcorock7031 Месяц назад

@@thewokestoner8528can I also blame them for my parents divorce? 😂 Conspiracy theorists are cancer.

@thewokestoner8528 Месяц назад

@@marcorock7031 no, your parents not loving you has nothing to do with the immune system unfortunately.

@thewokestoner8528 Месяц назад

@@marcorock7031 by the way if you did a quick google search you would realise that it's a documented phenomenon. You trolls calling people conspiracy theorists online are just as stupid as the people you try to insult 😂. No wonder your parents don't love you lol.

@thewokestoner8528 Месяц назад

@@marcorock7031 If you did a quick google search you would realise it's a documented phenomenon. Maybe next time do your due diligence before judging. Maybe your parents would love you if you weren't so stupid lol.

@arthurgphotography Месяц назад

A Private equity firm and Tik Tok influencers formed an a**hole alliance, got it.

@HappyGoLuckyPanda Месяц назад

Okay I thought you are an AI before you promoted invideo AI

@christopherfoley4355 Месяц назад

Starting to think this dude was AI all along…

@williambell3304 Месяц назад

Thank you for using the ad to inform me that your shorts will be exclusively no-effort, low-quality AI slop. I now know never to touch them.

@Mr.Showbiz Месяц назад

The guy who obtained a cost per shrimp of 12.5cents should be the new ceo with financial wizardry like that

@robfromwpg Месяц назад

how about - decrease in quality of food led to the decrease in customer traffic...

@Brian-li5up Месяц назад

The RU-vidrs filming themselves eating all that shrimp are gross.

@christiancsq Месяц назад

I don't know why companies refuse to price unlimited deals higher

@YourFinanceGuide Месяц назад

Rookie mistake, not fleecing their customers. Hopefully more businesses learn from this mistake and raise their prices.

@MakerInMotion Месяц назад

I paid $16 for a meal at McDonald's this week. They've got it figured out.

@jamesbillingsby8043 Месяц назад

When the government prints money to support corporations success while completely eliminating the middle class. That's the time to increase prices 100% and blame it on inflation. Genuinely every other company did it and had record profits while the economy crumbled and destroyed the lives of millions of Americans.

@SlagNasty Месяц назад

The Supply Side squeeze has always existed they are just open about it now. @MakerInMotion

@gikigill788 Месяц назад

Yeah, anything less than $50/meal is unacceptable.

@eternalv10killa Месяц назад

Hahaha the satire is killing me! 😂

@-13eNnY- Месяц назад

I honestly have only ever gone to Red Lobster when the unlimited shrimp deal was on. They shouldn't let customers stay for as long as they want though. That's just bad business.

@darryljorden9177 Месяц назад

You call it conflict of interest. They would call it "synergy".

@StreyX Месяц назад

The video kinda understates how hard the chain was screwed by private equity.

@bnwo Месяц назад

It's because it's just a couple of kids thinking they know it all

@kevinbarry71 Месяц назад

I despise RU-vid shorts. I am so tired of being tricked into clicking one not knowing it is a short.

@ooluta7578 Месяц назад

Red Lobster has been brought down by a private equity firm, not unlimited shrimp.

@jaredfischer6895 Месяц назад

The CEO underestimated how much crab-people could eat

@leroyjenkins6247 Месяц назад

Whoever made the rule that you can get unlimited shrimp, but not unlimited sides needs to be fired. I'm pretty sure the sides are significantly cheaper than the actual shrimp.

@4olufade Месяц назад

So when the CEO wants to get fired they should do an "unlimited" promotion

@cpm1003 Месяц назад

I never watch RU-vid shorts, even from channels I like and am subscribed to.

@crypto_que 27 дней назад

It's crazy how people thought Red Lobster was a fancy restaurant. People used to go into outrage on Twitter when you told them it wasn't. One user actually posted that RL was "great" until people started reading ratings on the internet. He actually blamed people for exposing RL by sharing information. LOL.

@chargermopar Месяц назад

I rarely if ever eat out. The last time I was in a red Lobster was in 2006. The shrimp there is so full of coatings that it is inedible to me . Today I just wait until shrimp is on sale for 2-3 dollars a pound and buy it in 5 pound boxes. Fried in beef tallow it's so much tastier and cheaper. I hate being served by a waiter/waitress so if I do go to a restaurant it HAS to be a buffet. I want to pay when walking in and never have to worry about a tip or anything else. I eat and leave within one hour.

@Eli_Skipjack Месяц назад

I personally don’t like how blame for companies struggling always (at least in part) gets put on higher wages. If a company can’t pay all their employees a living wage, then that shows failure on part of the company, not the fault of the employees wanting to be compensated fairly. Without any cooks and waiters, a restaurant can’t function. It’s basic decency to give living wages to the people who make the business able to operate!

@mrsmith6532 Месяц назад

Not watching video sponsored by ai

@junyaiwase Месяц назад

Good point

@mr.polakstunts8305 Месяц назад

The irony of WSM hating on ai, then getting a sponsorship from and AI company

@kendalson7100 Месяц назад

With restaurants like Bonefish Grill Red Lobster has more competition than it used to. They must differentiate themselves better.

@donbernie9346 Месяц назад

Answer was easy, unlimited shrimp during 3hours will allow you to get more customers inside and set a limit to the possible losses

@danhorrocks3431 Месяц назад

It's cool when you help peddle scams and also talk about scams

@bipolarkeyboard Месяц назад

lol i worked at red lobster for like 7 months in high school, it was pure hell but also a good learning experience. We closed at 11:30 but sometimes we would get out of there just before 2AM. I still have a lot of respect for those in the kitchen or any customer service in general.

@Thekitty0706fan Месяц назад

First time i see someone doing an ad for a AI company, kinda sad to see a content creator promote and also use lazy AI tools that will probably at some point flood the site so bad you won’t be able to find real content between it. Like steam’s new games list being complete slop.

@serchsource8744 Месяц назад

In America...its not a restaurant....its a business...so i rarely went out to eat. In europe, a cook invest in skills and knowledge....its a communal thing. In America, a cook invest in stocks and other commodities. Its a business!

@stevenperry9762 Месяц назад

Phony Stark's armor composition: Government subsidies, ketamine, and vapor-ware. Did I hear Howard Hughes name in there, somewhere?

@Bewilderebeest Месяц назад

Sooooo … anyone else not going to watch the shorts from this channel? 😬

@user-kq4hf8se5b Месяц назад

IHOP in my town did all you can eat shrimp. I went with friends and couldn't leave. The shrimp was tiny frozen shrimp imported from overseas. It sucked and when the waitress came back to refill shrimp, i said just bring me fries this time. I live in South Mississippi with fresh jumbo shrimp in the Gulf and i get frozen junk.

@showusyaguppysaustralia1515 Месяц назад

So if they buy 20% of the lobster available does that mean now they wont be so the price myt come down due to a 20% increse in stock to sell?

@SgtCrypto Месяц назад

It was the shrimp 🍤 it was private equity firm selling the real estate

@LuciFeric137 Месяц назад

"Sir, we're losing money on the shrimp! No worries, Digby. We'll make it up in volume!

@TheKiiS Месяц назад

I clap with Red Lobster 🦞

@render8 Месяц назад

Red lobster should have bought Thia Union... Not the other way around...🤷

@adam13magic63 Месяц назад

Got to dislike that sponsor is so fucking cringe.

@Vednier Месяц назад

Hear "AI" - click Thumbs Down! Also, this Invideo AI is reason why there is so much sloppy pointless video just for showing ads on RU-vid.

@user-wd1no8ik4v Месяц назад

they got good shrimp!

@HardPourCorn Месяц назад

They got what kind of shrimp, again?

@testattestdotnet Месяц назад

Wall Street Millennial's Conflict of Interest is his refusal to blame private equity for killing red lobster. How Money Works wouldn't have done them dirty like that.

@rook1196 Месяц назад

the opportunity to gorge yourself on mediocre shrimp was the only reason people actually went to Red Lobster. Quality at the place was drowned in the bathtub, as the fish was leftovers from the sysco truck that couldn't even be sold to school cafeterias.

@ThePurplePeopleEater- Месяц назад

Chicken of The Sea

@cvrart Месяц назад

I am.... were they crazy?!?!?! How could anyone underestimate the amount of crab a person can eat!??!? Crab is DELICIOUS!!!! If they invite me to eat them into bankruptcy, I will happily oblige them.

@calebbarnhouse496 Месяц назад

Because he's wrong, it was corporate management and debt, basically red lobster was bought to shove full of debt, then stripped for parts to maximize profit, the shrimp deal is just a boogeyman people blame

@cvrart Месяц назад

@@calebbarnhouse496 so, the shrimp was just a red herring?

@calebbarnhouse496 Месяц назад

@@cvrart more of a green hearing if you were red green colorblind

@user-wd1no8ik4v Месяц назад

good shrimp!

@yantao-junliang8563 Месяц назад

went there last Friday around 8pm, paper wrap silverware had bugs crawling on it. kind of feel why it went downhill.

@logwhitley Месяц назад

This sale and lease back has bankrupted so many companies

@silversurfer8237 Месяц назад

Great content but a sad story. Red Lobster offered good quality food at a decent price. Leveraging them up was a bad thing: Leverage kills when the business drops.

@UncleJoeLITE Месяц назад

Is this script AI generated? It's hard to know after that intro.

@AlanTheBeast100 Месяц назад

Red Lobster left Quebec 27 years ago due to poor revenue. Much better choices here than that dreck. They stayed in Ontario. hmmm. Olive Garden didn't stand a chance in Quebec - esp. Montreal with dozens of authentic Italian restaurants all over the quality/price map.

@MCorpReview Месяц назад

Your analysis is of the gods!!! I hold Thai Union 😂so sad 😢they made a big deal about the divestment and how everything will be hunky dory going forward but u need to watch Thai financial media to see that

@cheddarcheese Месяц назад

I have not been to Red Lobster...ever.

@sutats Месяц назад

Something smells fishy.

@Cyber_Samurai Месяц назад

First time I'm hearing about unlimited shrimp

@JJ-ds5fs Месяц назад

Thai Union robbed them, related party transactions are something that would require more disclose for a public company but here they have been able to cover up the details and just blame the shrimp promotion

@Vednier Месяц назад

"Offer Unlimited Shrimp - expect customers to pay and eat nothing" - that can go wrong?

@psp4150 Месяц назад

Why are you selling out and saying this had anything to do with food? It was the bankers.

@andrewallbright Месяц назад

Operating a red lobster isn’t shrimple. Not shrimple at all.

@IsaiahSmalley Месяц назад

I like it when Patrick Boyle did it 😬

@locobob Месяц назад

So this is why we can’t have nice things.

@JohnChuprun Месяц назад

Sounds like the end started with Golden Gate Capital took over in 2014 and sold all the land for a quick buck. From there it's going to go downhill without significant growth of profitability.

@dylanjimenez1952 Месяц назад

never trust private equity

@marques10010 Месяц назад

Do you know how many calories that is... If they collapse and die who's fault is it???

@kk22001 Месяц назад

Golden gate capital - well done lol

@christopherd.winnan8701 Месяц назад

Claiming that crabs cannot be farmed is simply not true. There are massive RAS mud crab farms in SEA and this is one of fastest growing and most innovative parts of the industry. Not to mention the domestic crab condo tech being actively developed in Singapore and Thailand. To claim otherwise is disingenuous and not helping mariculture innovators in the least. Please try to remedy this in the future.

@UncleJoeLITE Месяц назад

Great! With the paid version of your sponsor, I can create one of your videos myself. Just paste a few AI videos of your voice together. "Wall St Millennial" anyone??? Dunno about this sponsor.

@daroofa Месяц назад

Just about every one of the shrimp eating influencers should be dieting, not gorging on seafood.

@philliberatore4265 Месяц назад

It is an insult to Italy to use the words "Italian food" and "Olive Garden" in the same sentence.

@dennispratt559 Месяц назад

We all know what happened to Red Lobster.We're not stupid.

@justinbarion2269 Месяц назад

James Corbin eating away his problems again....

@murraymadness4674 Месяц назад

'unlimited shrimp' is why they are going out of business? What level of incompentent managment would keep losing money with their bad decisions?

@TheNaldiin Месяц назад

They've been going out of business slowly for more than a decade. Unlimited Shrimp is how their owners got the remaining cash out of a dying company to their main enterprise. The last puff of a used cigarette butt as, I think, Warren Buffet described it.

@Gilly459 Месяц назад

Landchads win again!

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I’m a long term investor, I withdrew my profits of over $61,000 during the COVID 19 pandemic ….

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She is my family’ personal Broker and also a personal Broker to many families in the United States, she is a licensed broker and a FINRA AGENT in the United States…

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A lot of people still make massive profit from the crypto market, all you really need is a relevant information and some < professional advice. ‹ it's totally inappropriate for investors to hang on while suffering from dip during significant

@dosmastrify Месяц назад

You guys just do this or am I mix me up with Robert Boyle

@TheNaldiin Месяц назад

You mean Patrick? Pretty sure he covered recently.

@FaustsKanaal Месяц назад

Shorts suck. They are for ADHD youths, informative long form videos like you make have a very different demographic as an audience. Usually older.

@rhobot75 Месяц назад

Am a subscriber, and want to watch this vid, but always found RL repulsive. Never went. Private equity, another one bites the pavement. And here I am commenting for the algo.

@bnwo Месяц назад

This is completely wrong. It was because a private equity firm jacked up the rent.

@patrickbohn2099 Месяц назад

This isn't the reason!!

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