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  • 2020-11-15 (xsd:date)
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  • Did Raising Cane's Chicken File for Bankruptcy? (en)
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  • On Nov. 8, 2020, an unknown Twitter account tweeted that Raising Cane's Chicken Fingers had filed for bankruptcy. Raising Cane's is a fast-food chain headquartered in Baton Rouge, Louisiana. The tweet, which appeared to have been deleted, read: BREAKING : Raising Canes, 24-Year-Old Fast Food Chain, Files for Bankruptcy. Developing Story. It was shared hours later as a screenshot in a TikTok video posted by Tyrone Riley: On Nov. 15, the video appeared to get a spike in its reach, gaining thousands of likes over the course of an hour. At the time, the video was closing in on 100,000 likes with 2,000-plus comments and 5,000-plus shares. However, Raising Cane's Chicken Fingers did not file for bankruptcy. In fact, a new location opened in Baldwin Park, California, six days prior to the viral tweet being published. The company also recently announced plans to open a third location in Tempe, Arizona. Further, in an April 2020 QSR interview with Raising Cane's founder and Co-CEO Todd Graves, Graves said the chain was even able to avoid furloughs and layoffs at the beginning of the COVID-19 pandemic, despite a tough time for many businesses: In sum, Raising Cane's Chicken Fingers did not file for bankruptcy, nor has it showed signs that it had been harshly impacted by the pandemic. The original tweet that started the rumor appeared to have been deleted, but a week later a TikTok video continued to spread its false message. (en)
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