Chipotle Has Nothing to Worry About
Yesterday, David Einhorn, AKA the man with the superpower of saying things that make stock prices fall, talked about Chipotle’s challenge of competing with a “resurgent” Taco Bell, which recently launched a new menu that’ll compete with Chipotle’s “gourmet” burritos. Chipotle’s shares took a little dive during Einhorn’s comments. But the team over at Reuters says that Chipotle has nothing to worry about, because the food on Taco Bell’s new “Cantina” menu is, well, not so tasty. We may stick to making our own burrito bowls for now, thank you very much.