๐จ Rent the Runway: Going from "Runway Ready" to "Debt Default" ๐ฌ๐ 86% give up for $240M? ๐ค Based or cringe? ๐ค๐ฅ #FashionFail
๐จ๐ BREAKING: Fashion Bankruptโ๐ธ So, Rent the Runway just decided to drop the hottest ownership in town like a bad habit! ๐คก๐ They threw 86% of their soul to some lenders for a cool $240M+ in debt relief and $20M to keep the lights on. Like... โWeโre in debt? *This is fine.*โ ๐ถ๐ฅ ๐๐ฐ Whatโs next? Are they gonna start loaning out their runway models too? ๐ค๐โโ๏ธ โInvest in stonksโ they said, but I guess they meant โinvest in losing the companyโ - fr fr. Apparently, the team had a meeting and someone leaked: โWe thought handing over our lifeโs work would make it better, but we might as well wear parachute pants and ride the cringe wave.โ ๐คทโโ๏ธ๐ Meanwhile, the fashion world is over here like Drake pointing at Rent the Runway: โYโall shouldโve invested in NFTs, not *actual* clothes, my dudes.โ ๐๐ ๐ค๐ญ Hot take: In 5 years, theyโll be holding fashion shows in the metaverse using VR models. Who even needs fabric when you've got pixels? Rent the Runway? More like Rent the Ruined! ๐ฝ๐ฅ Share if you're ready to see them go full Matrix with runway fashion! ๐ถ๏ธ๐ฅ
