Why Rent the Runway's stock price is going wild this week
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Rent the Runway Drives Loyalty Boost With AI Search Upgrades
As consumers demand more frictionless experiences from their eCommerce merchants, Rent the Runway is seeing its digital rethink drive higher retention. The company shared in a presentation Wednesday (April 10), alongside its fourth quarter and full year fiscal 2023 financial results, that it saw loyalty rise 10% year over year following improvements to the user experience on its […]
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Rent the Runway shares get caught up in AI frenzy, surge over 200%
(Reuters) -Traders piled into shares of Rent the Runway on Thursday, sending the shares up by more than 220% after the apparel rental firm said it was betting on artificial intelligence tools to power its growth in the current year. But numerous companies have kicked off rallies in their stocks over the last year by talking up their plans to use artificial intelligence to boost their businesses - and Rent the Runway is now the latest to join that frenzy. The company has forecast revenue to...
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RealPage rent-fixing lawsuit highlights use of algorithms to set rents
Lawsuits allege that RealPage, a company many large landlords use to price their apartments, uses confidential data in an anti-competitive way.