Rent The Runway CEO throws serious shade at profitless tech behemoths: ‘I haven’t been given the permission or privilege to lose a billion every quarter’ (UBER, LYFT)
|05/17/2019||Posted by BusinessMediaguide.Com under General World News||
- In an interview with CNBC, Rent the Runway CEO Jennifer Hyman explained her approach to leading a business, stating, “I haven’t been given the permission or privilege to lose a billion every quarter.”
- Hyman’s comments were seen as a dig at notoriously unprofitable companies like Uber and Lyft that raised significant funding before going public earlier this year with mixed results.
- Rent the Runway’s most recent fundraising in March round pegged the company’s valuation at $1 billion.
- But Rent the Runway does not disclose its own financials, include whether the privately-held company is profitable or not.
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