Rent the Runway expects up to 50% revenue growth this year, as people return to offices and attend more social events. The online clothing rental service is “benefiting from an events boom” and companies returning to the office, where professionals are looking to dress more stylishly than before the pandemic, CEO Jennifer Hyman said on an earnings call for its fiscal fourth quarter. The...
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Why the CFTC’s Binance Lawsuit Is Good News for Coinbase
Privately held crypto exchanges are setting new lows in corporate governance. If you thought the initial bankruptcy filing for Sam Bankman-Fried’s FTX was stunning in what it revealed about how that company was run, check out the Commodity Futures Trading Commissions lawsuit against Binance today. Here’s a business empire controlled by one person, Changpeng Zhao, which has no board of directors...
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