Smart Trade Insights
  • Business
  • Economy
  • Investing
  • Politics
Top Posts
Heliostar Presents Second Quarter 2025 Financial Results
Apollo to Proceed with 5-for-1 Share Consolidation
Stallion Uranium Completes Second and Final Tranche of...
Lahontan Drills Thick, Shallow Gold at York: 90m...
Gold Price Soars Past US$3,500 to New High...
Allied Critical Metals Joins the Critical Minerals Forum...
Silver Price Surges Above US$40 for First Time...
Empire Metals
Silver Stocks: 5 Biggest Companies in 2025
Corporate Funding Update
  • 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

Top liquor distributor favored Costco and Kroger over...

December 14, 2024

Goldman Sachs rolls out an AI assistant for...

January 23, 2025

Dick’s Sporting Goods stands by full-year guidance —...

May 29, 2025

As Joann Fabrics and JCPenney announce store closings,...

February 18, 2025

As Apple enters AI race, iPhone maker turns...

October 9, 2024

Nike pushes back Skims launch with Kim Kardashian...

June 20, 2025

Immersive entertainment company Cosm lands rights to broadcast...

October 30, 2024

Buffett’s Berkshire Hathaway hits $1 trillion market value,...

August 30, 2024

An interest rate cut is coming. Here’s what...

August 11, 2024

Party City to close all of its stores,...

December 21, 2024

    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

    • Heliostar Presents Second Quarter 2025 Financial Results

      September 3, 2025
    • Apollo to Proceed with 5-for-1 Share Consolidation

      September 3, 2025
    • Stallion Uranium Completes Second and Final Tranche of Oversubscribed $15,000,000 Non-Brokered Private Placement

      September 3, 2025
    • Lahontan Drills Thick, Shallow Gold at York: 90m grading 0.23 g/t Au Plus a Second High Grade Zone: 18m grading 0.73 g/t Au, All Oxide

      September 3, 2025
    • Gold Price Soars Past US$3,500 to New High as Market Eyes September Rate Cut

      September 3, 2025
    Promotion Image

    banner ads

    Categories

    • Business (845)
    • Economy (829)
    • Investing (2,744)
    • Politics (737)
    • 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 © 2025 smarttradeinsights.com | All Rights Reserved