Smart Trade Insights
  • Business
  • Economy
  • Investing
  • Politics
Top Posts
What falling wage growth says about where the...
Is America on the cusp of a farm...
U.S. oil has its biggest one-day price increase...
U.S. added 178,000 jobs in March, reflecting resilient...
Savannah Guthrie returns to ‘TODAY’ amid search for...
Stocks have their worst quarter since 2022, raising...
Hershey to resume using chocolate in most products;...
Republican leaders announce two-track plan to end the...
Body found in Colombia amid search for missing...
Trump says his ‘preference’ would be to ‘take...
  • Business
  • Economy
  • Investing
  • Politics

Smart Trade Insights

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

previous post
Trillion Energy Announces Commencement of Operations on Tripods
next post
S&P 500 climbed 0.3%, and Nasdaq-100 futures jumped 0.7%

You may also like

‘Trump trade’ returns for second week as bitcoin,...

November 13, 2024

A ‘man-made disaster’ could make it trickier to...

August 27, 2024

Consumers choose their favorite retailers ahead of the...

October 25, 2024

Ad revenue should stabilize for media companies in...

December 31, 2024

Delta CEO offers employees free flights after CrowdStrike-Microsoft...

August 6, 2024

Women’s Tennis Association extends media rights deal with...

June 27, 2025

Bronfman’s Paramount bid could keep Shari Redstone involved...

August 27, 2024

McDonald’s revenue disappoints, as U.S. sales see worst...

February 11, 2025

Broadband industry quietly abandons Capitol Hill fight to...

September 11, 2024

Elon Musk and investors offering $97.4 billion for...

February 12, 2025

    Fill Out & Get More Relevant News


    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • What falling wage growth says about where the U.S. economy is heading

      April 8, 2026
    • Is America on the cusp of a farm crisis?

      April 7, 2026
    • U.S. oil has its biggest one-day price increase in six years, driving the cost of gas even higher

      April 7, 2026
    • U.S. added 178,000 jobs in March, reflecting resilient labor market just as Iran war escalated

      April 7, 2026
    • Savannah Guthrie returns to ‘TODAY’ amid search for mother: ‘It’s good to be home’

      April 7, 2026
    Promotion Image

    banner ads

    Categories

    • Business (979)
    • Economy (839)
    • Investing (4,085)
    • Politics (747)
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: smarttradeinsights.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 smarttradeinsights.com | All Rights Reserved