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NASDAQ:FAT 28 January 2026

Fatburger owner FAT Brands files Chapter 11 bankruptcy, pulling Twin Peaks parent Twin Hospitality into court

Fatburger owner FAT Brands files Chapter 11 bankruptcy, pulling Twin Peaks parent Twin Hospitality into court

FAT Brands and affiliate Twin Hospitality filed for Chapter 11 bankruptcy in Houston, citing $1.4 billion in debt and missed interest payments. Court documents show FAT Brands has just $2.1 million in cash. Shares of both companies fell by about a third in late trading. Restaurants, including Fatburger, Johnny Rockets, Twin Peaks, and Smokey Bones, will remain open.
28 January 2026
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Stock Market Today

  • Alphabet Faces Gemini AI Model Shortage as Chrome Dominates Browser Market
    June 28, 2026, 11:34 AM EDT. Alphabet Inc. (NASDAQ: GOOGL) confronts supply constraints for its Gemini AI models, limiting access for Meta Platforms (NASDAQ: META) after demand exceeded capacity, according to a Financial Times report cited by Reuters. Chrome, Alphabet's browser, commanded 70.25% of global market share in May, significantly ahead of Safari and Edge, reinforcing its role as a crucial distribution channel for Google's AI search tools and advertising. Alphabet reported Q1 revenue of $109.9 billion, with Google Search and ads contributing $60.4 billion, 55% of total revenue. The company also faces ongoing antitrust legal challenges regarding its search dominance and Chrome's role as the default browser on Apple devices. The AI supply issue poses strategic decisions between prioritizing capacity for Search and Chrome integration or expanding Google Cloud services.

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