Sport Investors League
  • Politics
  • Stocks
  • Investing
  • Business

Sport Investors League

  • Politics
  • Stocks
  • Investing
  • Business
Business

What’s Turo? The ‘Airbnb of cars’ was used in New Orleans and Las Vegas incidents

by admin January 4, 2025
January 4, 2025
What’s Turo? The ‘Airbnb of cars’ was used in New Orleans and Las Vegas incidents

An online car rental service is under scrutiny after it was used in two incidents Wednesday.

The platform, Turo, is known as an “Airbnb of cars,” as it allows individual car owners to rent out their vehicles. Vehicle owners, known as “hosts,” can post cars to Turo’s website, where people can then rent them, with payments made through the platform.

Turo acknowledged it was used in both incidents in an online statement posted Wednesday.

‘It is with a heavy heart that we confirm that this morning’s horrific attack in New Orleans and this afternoon’s Tesla Cybertruck explosion in Las Vegas both involved vehicles rented on Turo,’ the company said. ‘Our thoughts and prayers are with the victims and their families.’

It said it did not believe the individuals who may have rented the autos involved in the incidents had criminal backgrounds ‘that would have identified them as a security threat,’ and that it was not aware of any information that indicates the two incidents were related. 

Turo

Turo said in a statement Thursday afternoon that the vehicles’ renters had valid driver’s licenses and clean background checks and that they were honorably discharged from the U.S. military.

‘They could have boarded any plane, checked into a hotel, or rented a car or truck from a traditional vehicle rental chain,’ Turo said. ‘We do not believe these two individuals would have been flagged by anyone — including Big Rental or law enforcement.’

Investigators had said earlier that Turo was used to rent a pickup truck that plowed through New Orleans revelers early Wednesday and procure a Tesla Cybertruck that was filled with explosives and burst into flames outside Trump International Hotel in Las Vegas.

Authorities have preliminarily said the service’s use in both incidents is a coincidence. On Thursday afternoon, authorities said there was not a definitive link between the two incidents.  

Turo, previously known as RelayRides, was created in 2009. It came of age during the broader boom in peer-to-peer startups, like Airbnb and Uber, that sought to disrupt many traditional markets including rentals of houses, automobiles and even swimming pools.

But with that disruption came concerns about security. For years, peer-to-peer platforms like Turo have faced criticisms after cars have been stolen to be used for nefarious purposes. The companies have previously responded that such incidents are exceedingly rare. However, over an approximately four-month period between October 2019 and February 2020, NBC News found some 49 reports of motor vehicle thefts in Washington, D.C., involved cars rented from Turo or its rival, Getaround, representing 6% of all incidents during the period.  

As of Sept. 30, Turo had about 150,000 active hosts worldwide, with 350,000 active vehicle listings and 3.5 million active guests participating on its marketplace, according to a company filing.

Turo’s website tells hosts that they are “safe” in trusting the platform because Turo “screen(s) each guest,” so hosts can be “confident when they hand over” their keys. 

This post appeared first on NBC NEWS

0
FacebookTwitterGoogle +Pinterest
previous post
Swing Trading with Point & Figure
next post
Copper Price Forecast: Top Trends for Copper in 2025

Related Posts

Investor convicted in Trump Media insider trading case

May 10, 2024

Shein’s global ambitions leaves some cybersecurity experts fearful...

July 10, 2024

Mortgage refinance demand jumps to a 2-year high,...

July 18, 2024

Walmart boosts sales outlook as it says tariff...

August 22, 2025

Apple releases first preview of its long-awaited iPhone...

July 30, 2024

USPS resumes shipments from China in abrupt about-face

February 6, 2025

AMC is poised to ride the box office...

November 19, 2024

What the Ticketmaster-Live Nation lawsuit could mean for...

May 25, 2024

Biden administration delays enforcing order blocking Nippon Steel-U.S. Steel deal

January 14, 2025

GM to invest $625 million in joint venture...

October 18, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent

    • Summit Royalties Announces Agreement to Acquire Royalty on Newmont’s Saddle North Deposit

      March 14, 2026
    • Lahontan Announces Private Placement

      March 14, 2026
    • Harvest Gold Expands Its Mosseau Property Along Strike To The North And South Adding 24 Claims And 8 Additional Mineral Showings

      March 14, 2026
    • CHARBONE presentera a la conference Hydrogen East et annonce le developpement d’un hub d’approvisionnement dans le marche de l’Atlantique via sa filiale

      March 14, 2026
    • Tartisan Nickel Corp. Intersects 24.6 Metres of 0.71% Ni, 0.56% Cu Including 6.1 Metres of 1.17% Ni, 1.45% Cu at the Kenbridge Nickel-Copper-Cobalt Project, Northwestern Ontario

      March 14, 2026

    Categories

    • Business (1,161)
    • Investing (4,252)
    • Politics (5,222)
    • Stocks (1,155)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sportinvestorsleague.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2026 sportinvestorsleague.com | All Rights Reserved