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Rent the Runway Sees ‘Unbelievable’ Demand, User Trends: CEO

Jun.03 — Jennifer Hyman, co-founder and CEO at Rent the Runway, discusses how she navigated through the Covid-19 pandemic challenges and how there is an ‘unbelievable’ rebound in fashion rental as the company’s business is up almost 100 percent compared to their Covid low. She says more customers are signing up for Rent the Runway’s…

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Jun.03 — Jennifer Hyman, co-founder and CEO at Rent the Runway, discusses how she navigated through the Covid-19 pandemic challenges and how there is an ‘unbelievable’ rebound in fashion rental as the company’s business is up almost 100 percent compared to their Covid low. She says more customers are signing up for Rent the Runway’s subscription because they “want to consume more sustainably.” Hyman also talks about the decision to expand into the resale market in addition to their traditional rental model. She speaks with Emily Chang on “Bloomberg Technology.”

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3 Comments

3 Comments

  1. Antoine

    June 3, 2021 at 11:57 pm

    this startup is a Supply Chain worst nightmare

  2. Sir Derty ✓

    June 4, 2021 at 3:22 am

    Prove it.

  3. Rachel Ottelé

    June 4, 2021 at 2:46 pm

    If I knew where I were going I would eventually wisely advice your future self to not wearing my path. Or maybe yes. Volatility is still exciting.

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Bloomberg Technology

Elon Musk’s Pay Package and Broadcom’s Surge | Bloomberg Technology

Bloomberg’s Caroline Hyde and Tim Stenovec break down what to expect from Elon Musk’s $56 billion pay package vote as Tesla’s shareholder meeting kicks off. Plus, a look at Broadcom’s surge as AI demand boosts its results, and we break down the financial terms of Apple and OpenAI’s landmark agreement. 05:23 Apple & OpenAI’s Financial…

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Bloomberg’s Caroline Hyde and Tim Stenovec break down what to expect from Elon Musk’s $56 billion pay package vote as Tesla’s shareholder meeting kicks off. Plus, a look at Broadcom’s surge as AI demand boosts its results, and we break down the financial terms of Apple and OpenAI’s landmark agreement.

05:23 Apple & OpenAI’s Financial Terms
11:11 Millenia Capital Managing Partner Joe Zhao
24:38 Intuit CEO Sasan Goodarzi
33:53 Patron Partner Amber Atherton
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“Bloomberg Technology” is our daily news program focused exclusively on technology, innovation and the future of business hosted by Ed Ludlow from San Francisco and Caroline Hyde in New York.

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Bloomberg Technology

What Broadcom’s AI-Fueled Rally Means for the Chip Sector

Broadcom, a chip supplier for Apple and other big tech companies, saw its shares rise sharply after delivering strong results and an upbeat forecast, lifted by robust demand for artificial intelligence products. Millennia Capital Managing Partner Joe Zhao joins Caroline Hyde and Tim Stenovec to discuss his outlook for the chip sector in the context…

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Broadcom, a chip supplier for Apple and other big tech companies, saw its shares rise sharply after delivering strong results and an upbeat forecast, lifted by robust demand for artificial intelligence products. Millennia Capital Managing Partner Joe Zhao joins Caroline Hyde and Tim Stenovec to discuss his outlook for the chip sector in the context of AI on “Bloomberg Technology.”
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Apple to ‘Pay’ OpenAI for ChatGPT Through Distribution

When Apple unveiled a landmark arrangement with OpenAI to integrate ChatGPT into the iPhone, iPad and Mac, they were mum on the financial terms. Now, sources say Apple won’t be paying OpenAI as part of the partnership: instead, Apple believes pushing OpenAI’s brand and technology to hundreds of millions of its devices is of equal…

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When Apple unveiled a landmark arrangement with OpenAI to integrate ChatGPT into the iPhone, iPad and Mac, they were mum on the financial terms. Now, sources say Apple won’t be paying OpenAI as part of the partnership: instead, Apple believes pushing OpenAI’s brand and technology to hundreds of millions of its devices is of equal or greater value than monetary payments. Bloomberg’s Lynn Doan joins Caroline Hyde and Tim Stenovec on “Bloomberg Technology.”
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